$SOPH USDT CONSOLIDATING – WAITING FOR A BREAKOUT 🔍

Explanation:

$SOPHUSDT is currently trading at 0.03102 (+0.42%) after rebounding from its intraday low of 0.03097. The price remains within a tight range between 0.03179 resistance and 0.03086 support, indicating indecision in the market with low momentum candles forming.

🔑 Key Levels:

Resistance: 0.03179 (24h high)

Support: 0.03086 (24h low)

Current Price: 0.03102

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🟢 Trade Setup – LONG (Breakout Strategy)

Entry Zone: Above 0.03180 (on confirmed breakout)

Take Profits:

TP1: 0.03220

TP2: 0.03270

Stop Loss: 0.03085

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📈 Market Outlook:

If the price breaks above 0.03179 resistance with volume confirmation, expect bullish continuation. Otherwise, sideways consolidation may continue between 0.03179 – 0.03086 before the next trend decision.

⚠️ Risk Management:

Avoid entering without a confirmed breakout candle. Always risk only 1-2% of your capital per trade to stay safe.

💬 Comment ‘👀’ if you’re watching this breakout setup today!

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buy and trade here on $SOPH