$SOPH USDT – DEAD CAT BOUNCE? BEARS STILL DOMINATE!
FAILING TO HOLD GAINS. BEARISH STRUCTURE INTACT.
$SOPH is showing continued weakness after a minor bounce from $0.03353, currently trading at $0.03425. The price failed to sustain above $0.03460, and rejection candles are forming below previous resistance.
Volume has declined on the recent green candles, indicating lack of buyer strength. The overall trend remains bearish, with consistent lower highs and lower lows on the 4H chart. If $0.03350 breaks again, expect an acceleration toward deeper support zones.
SHORT TRADE SETUP
Entry: $0.03420 – $0.03450
Target 1: $0.03300
Target 2: $0.03220
Stop Loss: Above $0.03510
Until a clear breakout occurs with strong volume, upside remains limited. Sellers remain in control of the trend.
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