$SOPH

USDT BEARISH REVERSAL – BULLS ARE LOSING MOMENTUM ⚠️

The recent rally on $SOPHUSDT has lost steam after rejecting sharply from its peak. Price is now showing signs of a bearish reversal on the 1H chart, indicating potential further downside if key support fails.

🔑 Key Levels:

Resistance: $0.03542 (24h High)

Support: $0.03293 (24h Low)

Current Price: $0.03356

📉 Trade Setup (Short):

Entry: $0.03350 – $0.03370

Targets (TP):

TP1: $0.03300

TP2: $0.03260

Stop Loss (SL): $0.03420

📊 Market Outlook: SOPHUSDT faced heavy selling pressure near its recent high, forming consecutive bearish candles. If it stays below $0.03400, sellers may push it further towards the support at $0.03260. Only a strong reclaim above $0.03420 will invalidate this bearish setup.

⚠️ Risk Management: Always use strict stop loss. Do not risk more than 1-2% of your capital per trade to protect your portfolio from sudden market reversals.

💭 Comment below if you think SOPH will recover from here or continue the drop! 👇

#SOPHUSDT #CryptoTrading #BearishSetup #MarketAnalysis #RiskManagement

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