$SOPHUSDT – DOWNTREND CONTINUES, SUPPORT LOOKS FRAGILE
REJECTION FROM $0.04400
CONSISTENT LOWER HIGHS AND NEW LOW AT $0.03585
$SOPH has been under sustained selling pressure after failing to hold the $0.04400 resistance. The 1H chart shows a clear downtrend structure with multiple consecutive red candles and a new low printed at $0.03585. Current price action reflects weakness with minimal bounce from the bottom.
SHORT TRADE SETUP (1H CHART):
• Entry: $0.03650 – $0.03690
• Target 1: $0.03540
• Target 2: $0.03380
• Stop Loss: $0.03800
Unless SOPH reclaims $0.038 with strength, the bearish trend is expected to continue. Breakdown below $0.0358 could trigger the next leg down.
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