$SOPH /USDT short trade signal 🔴😭
SHORT TRADE SIGNAL – BEARISH REJECTION AFTER SHARP SPIKE!
$SOPH just hit a local high near $0.07498 but faced immediate rejection and is now retracing. The 4H chart shows a sharp wick at the top with weakening bullish momentum — a typical sign of exhaustion after a relief rally. Volume spiked earlier, but is now declining, indicating possible profit-taking and seller interest.
Trade Setup (SHORT):
Entry: $0.06650 – $0.07000
Target 1: $0.06000
Target 2: $0.05480
Stop Loss: $0.07580
Why Short?
After the price jumped over 13% in 24 hours, it failed to sustain above resistance. The previous pump from $0.03 to $0.088 is now correcting and showing a lower high pattern. With resistance holding firm and candles rejecting higher levels, a correction seems likely toward key support zones.
Risk Management Tip:
Keep your stop loss tight above $0.07580. Trail your SL if the price drops under $0.060 — protect gains while riding the trend.
Don’t let this breakout fly without you — enter smart, exit richer!
Ride the momentum before it fades — profits favor the fearless!
buy and trade here on $SOPH
