$SOPH 🔥 🔥 BREAK OUT 🔥 🔥

📈 SOPH/USDT Technical Analysis & Trading Strategy

🔹 Current Price: $0.6203

🔹 24h Volume: $19.89 million

🔹 Trend: Bullish momentum continuing after breakout

🔹 Pattern: Cup and handle forming on 4H chart

🔹 Momentum: Bullish with mid-level RSI

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📊 Technical Indicators

Indicator Value / Status Interpretation

RSI (14) 64 (Approaching Overbought) Strong buying interest

MACD Bullish crossover Positive short-term momentum

EMA 20/50 Price above both EMAs Uptrend confirmation

Bollinger Bands Expanding Volatility increasing

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🔻 Key Levels

Support Zones:

S1: $0.5950

S2: $0.5700

Resistance Zones:

R1: $0.6450

R2: $0.6750

R3: $0.7000 (Psychological level)

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🎯 Trading Strategy

🔹 Intraday Strategy (Scalp/Day Trade)

Buy Range: $0.6100 – $0.6200

TP1: $0.6450

TP2: $0.6700

Stop-Loss (SL): $0.5940

Risk-Reward: ~2.1:1

Confidence: ⭐⭐⭐⭐☆

🛡️ Disclaimer

> This is not financial advice. All content is for educational and informational purposes only. Cryptocurrency trading involves high risk. Always do your own research (DYOR) and use stop-losses to manage risk. Never invest more than you can afford to lose.

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