$SOPH /USDC REJECTION FROM LOCAL HIGH – LOWER HIGH FORMING
WEAK FOLLOW-THROUGH AFTER $0.03541 SPIKE
PRICE STRUGGLING NEAR MA(25) RESISTANCE
POTENTIAL SHORT SETUP ON BEARISH RETEST
$SOPH /USDC rallied sharply but failed to hold above the $0.035 level. The bounce now appears corrective, with sellers defending the MA(25) zone around $0.0339.
🔴 Short Trade Setup:
Entry Zone: $0.03375 – $0.03395
Take Profit (TP): $0.03300
Stop Loss (SL): $0.03430
Market Outlook:
Until $SOPH breaks above the recent high with strong volume, the bias leans bearish. Watch for fading strength under resistance.
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