$SOPH Traders Alert: A Storm Before the Surge?
A massive long liquidation of $1.6991K just flashed at $0.05284, shaking weak hands out of the game. But for sharp-eyed traders, this may be the ignition point for a high-voltage reversal.
Here's the breakdown of the battlefield:
Buy Zone:
$0.05100 – $0.05300
This zone marks the psychological and technical support where panic-selling may meet smart money accumulation. Look for consolidation signs before entry.
Immediate Resistance (Short-term Hurdle):
$0.05620 – $0.05800
A break above this will likely shift momentum in favor of bulls.
Target Levels:
Target 1: $0.06050
Target 2: $0.06480
Target 3 (if bullish volume confirms): $0.07100
Stop Loss:
$0.04980
Below this level, sellers regain control and a deeper correction becomes likely.
Technical Outlook:
The liquidation wick at $0.05284 could represent a final flush. The market often reverses sharply after such long liquidations, especially if volume increases during recovery. Watch for a strong 4H close above $0.056 to confirm trend reversal.
This is not just a dip. It’s a test. The question is: Are you ready to ride the comeback wave?
