$SOPH /USDT BEARISH ANALYSIS – SHORT SETUP IN PLAY🔻
SOPH is showing clear bearish momentum as it struggles to hold above moving averages and faces resistance on multiple timeframes. Let’s break it down:
🔍 CURRENT PRICE: $0.03968
24H High: $0.04700
24H Low: $0.03943
📊 KEY LEVELS TO WATCH
Immediate Resistance: $0.04108
Major Resistance: $0.04322 – $0.04535
Immediate Support: $0.03895
Major Support Zone: $0.03730 (critical level – break below could accelerate downside)
📉 MOVING AVERAGE TREND
MA(7): 0.04019 (above current price – short-term pressure)
MA(25): 0.04181 (mid-term trend is bearish)
MA(99): 0.03955 (barely holding – if lost, more downside likely)
📉 TRADE SETUP – SHORT
Entry: $0.03960 – $0.04000
Stop Loss: $0.04150 (Above local resistance and MA25)
Targets:
➡️ TP1: $0.03895
➡️ TP2: $0.03730
➡️ TP3: $0.03500 (if breakdown intensifies)
⚠️ RISK MANAGEMENT TIP
Use 2–3% of your portfolio per trade, and always respect the stop loss. The current volatility demands disciplined risk control. Wait for a clean retest/rejection near MA(7) for confirmation.
📉 SUMMARY: $SOPH is weakening below key MAs with lower highs forming. Until it breaks above $0.04150 convincingly, the trend favors sellers.
Stay sharp. Trade safe. 💼📉
#TrumpTariffs #MarketPullback #SECProjectCrypto #EthereumTurns10 $SOPH