$SOPH USDT – RALLY STALLS BELOW RESISTANCE, BEARS TESTING MOMENTUM
REJECTION NEAR $0.03530 ZONE
LOWER HIGH PATTERN STILL INTACT
$SOPH attempted a bounce but failed to break past the $0.03530 resistance zone. The 4H chart shows a sharp rejection wick on the latest candle, signaling buyer fatigue and profit-taking near overhead supply.
Volume remains low compared to prior selloffs, suggesting this move lacks strong bullish conviction. If price slips below $0.03460, a retest of $0.03350 is likely.
Trade Setup:
Short Entry: $0.03490 – $0.03510
Target 1: $0.03400
Target 2: $0.03350
Stop Loss: $0.03585
Bearish outlook remains valid below resistance. Caution for longs unless a breakout is confirmed.
#SOPHUSDT #BinanceFutures #BearishSignal #ResistanceRejected #CryptoTrading