$SOPH USDT BEARISH REVERSAL – STRONG REJECTION FROM INTRADAY HIGH
$SOPHUSDT spiked sharply to a high of 0.04408 but faced immediate rejection, pulling back to 0.03885. This signals a potential bearish reversal as sellers step in aggressively after the vertical pump, indicating a cooling phase ahead.
🔻Trade Setup (Short)
Entry Zone: 0.03900 – 0.04000
Take Profit 1: 0.03750
Take Profit 2: 0.03650
Stop Loss: 0.04150
📉Short Market Outlook:
Momentum is weakening after a strong upside spike. If price fails to reclaim and hold above 0.04000 resistance, further downside towards previous support levels around 0.03650 is likely as profit-taking dominates.
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