#dearfamily 💞💞
Here’s why this trade setup looks promising right now – \$SOPH is making a move from the shadows. After a sharp drop to \$0.04013, the price is starting to show signs of life. On the 4-hour chart, a bullish candle has closed above \$0.043, indicating a potential trend reversal. Buy-side pressure is strong, sitting around 60%, which adds to the case for a recovery.
**Long Trade Setup (4H Timeframe):**
* **Entry Zone:** \$0.04300 – \$0.04340
* **Take Profit 1:** \$0.04510
* **Take Profit 2:** \$0.04780
* **Take Profit 3:** \$0.05100
* **Stop Loss:** \$0.03980
**Why This Trade Stands Out:**
* Bullish engulfing candle forming off a key local bottom
* Order book favoring buyers with \~60% dominance
* Potential for either a strong bounce or full recovery to levels before the drop
This setup could offer a smooth upward move if momentum builds. Keep an eye on volume for confirmation before entering.