Current price: $0.05866
24h volatility: +3.55%
Volume: 8.5 billion USDT (unusually high)
Multi-timeframe technical analysis
1D: Lacking long MA data, but volume and OBV are strongly increasing → long-term buying pressure shows positive signs.
4H: Price > MA7, RSI neutral, OBV negative again → slight divergence signal. The market trend is unclear.
1H: MA7 > MA25, RSI ~61 → upward force is still maintained. MACD slightly positive but volume is lower than average → upward momentum lacks strong push.
15M: MACD slightly negative, RSI near overbought → possibility of pausing and accumulating around this area.
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Trading strategy
📌 1. Spot (Medium-term):
Waiting for a clear breakout
• Entry: $0.0593 (if breakout has volume)
• TP: $0.0626
• SL: $0.0578
• Reason: The price is near short-term resistance. Breaking out $0.0593 with RSI > 60 may confirm continued upward trend.
✅ Do not recommend buying early in the $0.058 area as it may get stop hunted due to spread volatility.
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⚡ 2. Futures (Short-term):
Scenario 1 – Breakout (Probability ~55%)
• Long Entry: $0.0593
• SL: $0.0578
• TP: $0.0626
• Confirmation: RSI(6) > 60, MACD back positive
Scenario 2 – Support break (Probability ~35%)
• Short Entry: $0.057
• SL: $0.0587
• TP: $0.055
• Confirmation: RSI < 50, OBV continues to decrease
Scenario 3 – Sideway (Probability ~10%)
• Range area $0.058–$0.0593
• Can trade grid if volume remains stable
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⚠️ Warning
• SOPH is a small-cap coin, very volatile, easily manipulated → prioritize limit orders, avoid market orders.
• High spread, low liquidity may cause significant slippage.
• BTC is in a downtrend → if BTC breaks below $26,000, SOPH is likely to be heavily sold off.
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Capital management
• Should not use more than 1–2% of the account for SOPH
• With Futures, the maximum recommended leverage is x5
• The risk:reward ratio should achieve at least 1:2
