$SOPH /USDT 4H Trade Setup
Market Insight:
$SOPH surged over 11%, showing bullish momentum amid strong volume (817.4M SOPH, $36.03M USDT). It's trading near resistance after hitting a local high of $0.04973, indicating potential continuation or pullback.
š¹ Entry Zone:
$0.04400 ā $0.04600 (buy the dip near short-term support and MA cluster)
šÆ Targets:
Target 1: $0.04950 (recent high)
Target 2: $0.05280
Target 3: $0.05700
š Stop Loss:
$0.03920 (below key support and 24h low)
š Key Levels:
Support: $0.04280 / $0.04030 / $0.03838
Resistance: $0.04973 / $0.05030 / $0.05700
Pivot: $0.04600 (current price & MA zone)
š” Pro Tip:
Watch for a consolidation above $0.046 before entering. If price breaks above $0.050 with volume, momentum could accelerate quickly. Avoid chasing if RSI overheats; wait for confirmation or a healthy pullback.
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