$SOPH USDT short tread signal 🛑
BEARISH REVERSAL INCOMING AFTER PARABOLIC SPIKE 🚨
$SOPHUSDT just completed a strong vertical breakout but is now showing signs of exhaustion with rejection from local highs. Bears are stepping in as buyers take profits, opening room for a short opportunity targeting the retracement zone.
🔻 Trade Setup (Short):
Entry: 0.03550 – 0.03570
Take Profits:
➤ TP1: 0.03480
➤ TP2: 0.03380
➤ TP3: 0.03250
Stop Loss: 0.03660
📊 Market Outlook:
Momentum is shifting from extreme bullish to corrective as the price rejects near resistance at 0.03658. A pullback towards key support at 0.03251 remains probable if volume fades and bears maintain control below 0.03600.
⚠️ Risk Management:
Use tight position sizing and SL discipline to protect capital against volatility spikes.
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💭 Comment ⛔️ if you see this bearish setup playing out soon.
buy and trade here on $SOPH