$SOPH /USDT based on the provided data:

$SOPH /USDT

🔻 STRONG SELL PRESSURE NEAR RESISTANCE

📉 BEARISH MOMENTUM ON HIGH VOLUME

📊 LIQUIDITY EXITING AFTER INITIAL HYPE

SOPH has dropped nearly -15% in the last 24 hours, falling from a high of $0.05247 to $0.04429. The recent listing hype appears to be fading as traders take profits. Volume remains high (160.95M SOPH) with declining price action, indicating strong selling pressure.

📌 Trade Setup

Trade Bias: Short

Entry Zone: $0.04450–$0.04550

Targets:

TP1: $0.04280

TP2: $0.04000

TP3: $0.03750

Stop-loss: $0.04700 (Above resistance)

📉 Market Outlook

Unless SOPH breaks above $0.047–0.048, trend remains bearish. A potential retest of $0.043 support likely, and a breakdown may invite deeper correction.

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