$SOPH

USDT BEARISH TREND CONTINUES – CAN BUYERS HOLD THIS ZONE?

$SOPHUSDT is maintaining its downtrend after multiple rejections from the highs, currently trading at 0.03179. Although a small bounce is visible, the market structure remains bearish unless key resistance levels are reclaimed with strength.

🔑 Key Levels:

Support: 0.03150

Resistance: 0.03250 – 0.03300

Current Price: 0.03179

🎯 Trade Setup (Short):

Entry Zone: 0.03180 – 0.03210

Targets: TP1: 0.03150, TP2: 0.03120, TP3: 0.03080

Stop Loss: 0.03250

📉 Market Outlook: Momentum remains bearish on the 15m timeframe with a clear lower high structure. If price fails to break above 0.03250, expect continuation towards the 0.03120 – 0.03080 support range.

⚠️ Risk Management: Stick to your stop loss. Never risk more than 1-2% of your portfolio per trade. Stay patient and wait for confirmations before entering to avoid emotional decisions.

#CryptoWatchMay2024 #SOPHUSDT #BearishSetup #TechnicalAnalysis #TradingSignal

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