$SOPH Squeeze Building: Breakout or Breakdown?
$SOPH is trading at $0.03237 and forming a tight consolidation pattern on the 15-minute chart. The market is indecisive, hovering between support and resistance with low volatility, suggesting an imminent move.
Key Levels to Watch:
Resistance: $0.03250 – Breakout above may trigger upside continuation
Support: $0.03220 – Breakdown below could resume the downtrend
Trade Setup – Prepare for a Range Break:
Bullish Entry: Above $0.03250
Target 1: $0.03275
Target 2: $0.03310
Stop Loss: Below $0.03220
Bearish Entry: Below $0.03220
Target 1: $0.03185
Target 2: $0.03150
Stop Loss: Above $0.03250
Volume remains moderate, so wait for confirmation. Tight stop-loss levels recommended due to narrow range.