$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.

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