$SOPH
USDT ā BEARISH REVERSAL SIGNAL AFTER WEAK BOUNCE, DOWNSIDE PRESSURE AHEAD! š»
$SOPHUSDT is showing bearish signs after failing to hold its recent high, currently trading at $0.03104 (+0.58%), with rejection candles indicating selling pressure in the short timeframe.
š Key Levels:
Support: $0.03080 ā immediate support zone
Resistance: $0.03165 ā intraday high and key resistance
Current Price: $0.03104
šÆ Trade Setup:
SHORT ENTRY:
Entry Zone: $0.03110 ā $0.03120
Take Profit 1: $0.03090
Take Profit 2: $0.03060
Stop Loss: $0.03150
š Market Outlook:
Price is forming lower highs with strong rejection wicks near resistance, indicating a bearish reversal pattern. If it breaks below $0.03080 support, further downside towards $0.03060 is likely intraday.
ā ļø Risk Management:
Enter only with confirmation candles below support levels. Use strict SL to protect capital, risk only 1-2% per trade, and avoid overtrading during choppy sessions.
buy and trade here on $SOPH
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