$SOPH
Support and Resistance Areas ...
**Resistance Areas:**
- **0.03460$** - Short-term breakout point
- **0.03500$** - Recovery resumption level
- **0.03574$** - Daily high (recovering this level strengthens buying power)
**Support Areas:**
- **0.03420$** - Immediate support
- **0.03350$** - Breakdown risk level if the range is broken
**Trading Expectations - Settings Indicate Nearby Movement**
**Bullish Scenario:**
Breaking above **0.03460$** may target:
- **First Target:** 0.03500$
- **Second Target:** 0.03574$
**Bearish Scenario:**
Breaking below **0.03420$** may push the price towards:
- **First Target:** 0.03350$
- **Second Target:** 0.03280$
**Trading Advice:**
Focus on trading volume - narrow ranges like this usually experience quick breakouts. Be prepared for sharp price fluctuations.
