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1. Market Context

Current price: ≈ $0.0526 (with intraday variations between $0.0490 and $0.0539)

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24h Volume: between $111M and $120M in major markets.

Market cap: ≈ $104–106M and circulation of 2B SOPH.

Daily technical trend: mixed signals; overall summary 'Strong Sell' on Investing.com, but potential double bottom formation around $0.05 with RSI divergence in short-term charts.

Latest news: recent rally of ~+36% reaching $0.0699, then correction to current levels.

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2. Technical Setup and Key Zones

Level Price (USD) Description

Strong support 0.050 Double bottom confirmed + RSI divergence

Immediate resistance 0.058 Threshold to validate bullish breakout

Secondary resistance 0.0699–0.0749 Last high zone

Initial stop-loss 0.0485–0.049 Just below support to limit risk

Exit targets Take partial at 0.058–0.06; add on breakout confirmation towards 0.07

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3. Entry Strategy and Management

1. Ladder buying:

First lot between $0.050–0.051 with stop at $0.0485.

If it breaks $0.058 with volume, add second lot, adjusting stop to entry for 'risk-free' trading.

2. Momentum confirmation:

Monitor RSI (>50 after breakout), MACD in positive crossover, and increasing volume.

3. Take profit:

Sell 50% of total upon reaching $0.058–0.06.

Hold the rest with an extended target at $0.07 and partial at $0.0749.

4. Review dynamic stops:

Adjust stop to breakout level once price exceeds $0.058, securing profits.

If it retraces below $0.056 after breakout, consider closing partial.

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4. Risk Management

Risk/Reward ratio: minimum 1:2. Ideal 1:3 in breakout zone.

Position exposure: no more than 2–3% of total capital per trade.

Discipline: respect stop-loss; avoid over-leveraging; do not trade with emotions.

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5. Calendar and Follow-up

Check daily support/resistance levels and volume.

Check weekly overall technical performance (RSI, MACD).

Adjust planning if it breaks ATH or falls below support.

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✅ Summary

Key level: $0.05 (buy).

Entry confirmation: breakout + volume over $0.058.

Targets: $0.06, then $0.0699–0.0749.

Stop-loss: < $0.0485, then brought to entry point.

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NOTE:

This plan is designed for spot buyers with a short- and medium-term vision. Always remember to adjust your position size to your risk profile and follow your own judgment.

#SOPH #Spot #MarketPullback #BinanceAlphaAlert $SOPH