$SOPH /USDT
๐ง SOPH/USDT Overview
Current Price: $0.04852 (-8.02%, heavy drawdown)
24h High: $0.05375
24h Low: $0.04842 (price is sitting right on it)
24h Vol (SOPH): 207.96M
24h Vol (USDT): $10.66M
Category: Layer 1 / Layer 2 โ New listing volatility
๐ Key Technical Levels
Resistance (Heavy Overhead Supply)
$0.04967 โ $0.05108 โ Sell walls with stacked orders above
$0.05178 โ Depth top resistance (breakout pivot)
Immediate Support (Testing Daily Low)
$0.04842 โ 24h low, key breakdown line
Below $0.04800 โ Thin liquidity โ may drop quickly to $0.046โ$0.045
โก Trade Setups
1. Oversold Bounce (Scalp Buy Zone)
Entry: $0.04820 โ $0.04850
Target: $0.04960 โ $0.05030
Stop-Loss: $0.04780
Trigger: 15m bounce with rising volume after touching or sweeping the low
2. Breakdown Play (Trend Continuation Short)
Entry: Below $0.04820 with strong red volume
Target: $0.04620 โ $0.04550
Stop-Loss: $0.04900
Trigger: 15m candle closes below $0.04820, ideally with large red-bodied candle
3. Breakout Reversal (High-Risk)
Entry: $0.05180+
Target: $0.05320 โ $0.05370
Stop-Loss: $0.05050
Trigger: 1h candle close above $0.05180 on strong volume + recovery confirmation
๐ Notes
Price is sitting on daily support, but sentiment is weak due to high % drop.
If BTC/ETH weakens, SOPH could break down sharply.
A bounce is likely if it traps sellers at $0.0482, but risk is higher than average.
Would you like this SOPH/USDT setup added to your short-term trade tracker or filtered by strategy (bounce, breakdown, etc.)?
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