#TradingSignals
Perspective on $SOPH Trade Setup
Entry Zone: $0.039 - $0.042 (Ideal accumulation area following prior bullish momentum)
Current Context: The asset has already demonstrated strong upward movement ("one-time ride"), suggesting underlying strength.
**Price Targets (Progressive Take-Profit Levels):**
- Near-term: $0.05 → $0.06 → $0.07
- Mid-term: $0.08 → $0.10 → $0.12
- High-term: $0.14 → $0.16 → $0.20 (All-Time High Retest/Break)
Risk Management:
- Hard Stop-Loss: $0.03 (Key support breach invalidates the bullish thesis).
Instrument Applicability:
- Viable for both spot trading (hold for higher targets) and futures (leverage with strict risk control).
Note: Monitor volume and broader market sentiment to confirm momentum. Adjust partial exits progressively as targets are hit to lock in gains.
Disclaimer: Technical analysis only; DYOR before execution.
