Recorded $SOPH a lower high, followed by lower lows on the 15-minute chart, indicating the beginning of a downward trend. The price is currently retesting a broken support area, which is now forming resistance, confirming the likelihood of continuing the downward trend.
Entry Price: 0.03334
Target 1: 0.03300
Target 2: 0.03280
Target 3: 0.03264
Stop Loss: 0.03364
Risk Management:
Use 3-5% of your capital on each trade. Adjust the stop loss to the entry price after reaching Target 1 to protect profits.
Professional Tip:
Watch for weak bullish candles or rejection wicks near 0.03340 - these add confirmation for the continuation of the decline.
#StrategyBTCPurchase #NODEBinanceTGE #USCorePCEMay #BTC110KToday? #BinanceAlphaAlert