$SOPH Consolidation at Resistance - Breakout or Pullback?
SOPH is currently trading at $0.05072, consolidating around a key resistance level after a recent rebound. Its immediate movement will determine if it can break out to higher prices or if it will experience a pullback.
Key Levels to Watch:
Resistance: $0.05072 (current price, immediate resistance), $0.05090 (approx.), $0.05200 (stronger resistance).
Support: $0.05064 (immediate support), $0.05000 (psychological level).
Trade Setup - Anticipate a Directional Move!
Bullish Entry: A confirmed move and sustain above $0.05072 could target:
Target 1: $0.05090 (approx.)
Target 2: $0.05200
Bearish Entry: A rejection from $0.05072 or a break below $0.05064 could target:
Target 1: $0.05000
Target 2: $0.04950 (approx.)
SOPH is consolidating at a key resistance. A clear break above $0.05072 could lead to further upside, while rejection might lead to a retest of support.
