$SOPH – REJECTION AT HIGHS: BEARS TAKING OVER?

• STRONG WICK REJECTION NEAR $0.047

• VOLUME SPIKE FOLLOWED BY RED CANDLE

$SOPH rallied sharply from the $0.035 zone to $0.047 but faced an immediate rejection at the top with a long upper wick and bearish follow-through candle. Despite the volume surge, buyers failed to hold above $0.045, signaling possible exhaustion. If the price breaks below $0.042, further downside toward $0.040 and $0.038 could follow.

🔻 Short Trade Setup

• Entry: $0.04280 – $0.04350

• Stop Loss: Above $0.04560

• TP1: $0.04100

• TP2: $0.03880

• TP3: $0.03650 (extended)

Sellers are showing strength after the failed breakout. Until $0.045 is reclaimed, this could lead to deeper retracement.

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