🟥 $SOPH

USDT BEARISH BREAKDOWN – NEW LOWS IMMINENT?

$SOPHUSDT is showing strong bearish momentum on the 15m chart, with consecutive heavy red candles pushing the price down towards its 24h low of $0.03030. Bulls attempted minor recoveries but failed to sustain, indicating a high probability of further downside.

🔑 Key Levels:

Resistance: $0.03080 – $0.03120 (recent rejection zone)

Support: $0.03030 (24h low and immediate support)

Current Price: $0.03042

📉 Trade Setup (Short):

Entry: $0.03040 – $0.03060

Take Profit 1: $0.03020

Take Profit 2: $0.03000

Stop Loss: $0.03080

📊 Market Outlook:

The price structure reflects a clear bearish continuation with no significant reversal signals yet. Breaking below $0.03030 could accelerate the downside towards psychological support at $0.03000.

⚠️ Risk Management:

Always use a tight stop loss and risk only 1-2% of your capital per trade to preserve your portfolio against rapid breakdowns.

buy and trade here on $SOPH

#CryptoTrading #SOPHUSDT #BearishSetup #Scalping #RiskManagement

💬 Do you think SOPH can hold above $0.03000 or are we heading lower? Share your views below!