$SOPH USDT BEARISH BREAKDOWN – NEW LOWS CAN UNFOLD SOON
$SOPHUSDT is currently trading at 0.03058, showing a sharp downtrend after failing to hold above the 0.03415 resistance (24h high). The price action indicates persistent selling pressure with no strong bullish reversal yet on the 15m chart.
🔑 Key Levels:
Resistance: 0.03150 – 0.03200
Support: 0.03033 (24h low) and below that, potential free-fall zones.
🎯 Trade Setup (Short):
Entry: 0.03055 – 0.03065
Take Profit 1: 0.03030
Take Profit 2: 0.03000
Stop Loss: 0.03110
📊 Market Outlook: Momentum remains bearish with lower highs and lower lows. Sellers are in control, and any bounce towards resistance may be a fresh short opportunity until clear bullish structure emerges.
⚠️ Risk Management: Always risk only 1-2% of your capital per trade. Stick to stop-loss and avoid overleveraging in a trending bearish market.
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