$SOPH
USDT BEARISH BREAKDOWN – STRONG SELL PRESSURE UNLEASHED 🔻
$SOPHUSDT is experiencing an aggressive sell-off, now trading at 0.03146, down 6.48%. The market structure shows clear weakness with no strong buying response in sight.
🔑 Key Levels:
Resistance: 0.03350 – 0.03400 (major rejection zone)
Support: 0.03130 (immediate), next strong support at 0.03000
📉 Trade Setup (Short Entry):
Entry Zone: 0.03160 – 0.03200
Take Profits:
TP1: 0.03130
TP2: 0.03060
TP3: 0.03000
Stop Loss: 0.03240
📊 Market Outlook: The hourly timeframe shows a strong bearish trend with consistent lower highs and lower lows formation. If 0.03130 fails to hold, price is likely to accelerate down towards 0.03000 in the next sessions.
⚠️ Risk Management: Always risk only 1-2% per trade. Enter only after confirmation to avoid getting trapped in minor retracement bounces.
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buy and trade here ot$SOPH