$SOPH USDT RELENTLESS BEARISH PRESSURE – SELLERS DRIVE PRICE TO NEW LOWS

SOPH continues its sharp decline after failing to hold above $0.04302, with consistent red candles showing heavy selling dominance. The price is now trading well below all major moving averages, confirming strong downside momentum. Unless buyers step in soon, further declines remain likely in the short term.

Trade Setup:

Entry (Short): $0.03820 – $0.03860

Take Profit 1: $0.03750

Take Profit 2: $0.03680

Stop Loss: $0.03980

Market Outlook:

The current trend is heavily bearish with no clear reversal signals. A break below $0.03765 could trigger another sharp drop, while a close above $0.0398 is needed to shift short-term sentiment. Until then, rallies are likely to be sold into.

#SOPH #CryptoTrading #BearishTrend #PriceAction #Binance

buy and trade here on $SOPH