๐ $SOPH /USDT โ BEARISH MOVE IN PLAY! ๐ป
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๐จ Current Price: $0.05094
๐ 24h Range: $0.04988 โ $0.05498
๐ Change (24h): -5.60%
๐ MA(7): $0.05066 | MA(25): $0.05049 | MA(99): $0.05185
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๐ TECHNICAL OUTLOOK:
The price of $SOPH has recently broken below both short-term MAs (7 & 25), signaling growing bearish momentum. Itโs trading below the key MA(99), confirming downside pressure.
๐งฑ Key Resistance Levels:
$0.05185 (MA99 & previous supply zone)
$0.05410 (local high)
๐ง Key Support Levels:
$0.04988 (24h low & minor support)
$0.04900 (psychological & historical support)
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โ๏ธ TRADE SETUP (SHORT ENTRY):
๐ Entry: $0.05090 โ $0.05130 (retest zone)
๐ฏ Targets (TP):
โข TP1: $0.04988
โข TP2: $0.04900
โข TP3: $0.04820 (extended target)
๐ก๏ธ Stop Loss (SL): $0.05220 (above resistance zone)
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๐ก RISK MANAGEMENT:
๐ Risk only 1-2% of your capital per trade.
โ Always set your SL & TP before entering.
๐ Use position sizing to protect capital and avoid emotional decisions.
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๐ฅ Momentum favors the bears โ donโt fight the trend!
๐ Trade smart, stay disciplined! ๐ผ๐
#CryptoTrading #SOPH #Bearish #TechnicalAnalysis #Binance #RiskManagement #CryptoRoundTableRemarks #Tradersleague #BTC110KSoon? #Write2Earn $SOPH
