$SOPH USDT – PARABOLIC SPIKE OR BULL TRAP? WATCH FOR COOL-DOWN!

EXTENDED RALLY INTO RESISTANCE

STRONG REJECTION WICK FROM THE TOP

$SOPH just posted an aggressive vertical rally from $0.03353 to $0.03863 with a sharp single green candle, signaling a parabolic move. However, the 4H chart now shows a long upper wick followed by a red candle, suggesting immediate rejection and possible exhaustion.

Volume surged at the top, hinting that late buyers may have been trapped. Unless bulls reclaim $0.038 cleanly, the setup favors a corrective pullback to retest lower demand zones.

Trade Setup (Bearish Pullback):

Short Entry: $0.03720 – $0.03760

Stop Loss (SL): $0.03880

Target 1 (TP1): $0.03600

Target 2 (TP2): $0.03480

Target 3 (TP3): $0.03360

Parabolic candles often retrace sharply. Use tight SL and scale out on dips.

Latest Price: $0.03722 (+7.79%)

Outlook: Bearish near-term unless $0.03863 is broken with volume.

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