🛑 $SOPH /USDT Short Trade Signal Active
BEARISH BREAKDOWN SELL PRESSURE TAKING CONTROL 🚨
$SOPH /USDT has broken down through its channel support and is now retesting that same area as fresh resistance around the 0.03250 zone. Sellers are defending this level aggressively, setting up for a likely continuation move to the downside if this rejection holds.
🔻 SHORT Trade Setup:
• Entry Zone: 0.03235 – 0.03245 (current retest zone)
• Take Profit 1: 0.03190
• Take Profit 2: 0.03150
• Take Profit 3: 0.03134
• Stop Loss: 0.03265 (above structural resistance)
📊 Market Outlook:
Momentum is firmly bearish on the 1-H chart with lower highs and lower lows continuing to print. The breakdown is supported by strong rejection candles and consistent selling pressure. RSI is around the mid-zone, leaving room for further decline before any oversold reversal attempt. Watch volume for confirmation on breakdown candles and manage positions carefully.