$SOPH /USDT short trade signal 🚦 🛑 BEARISH REVERSAL IN PLAY — MASSIVE WICK REJECTION SIGNALS SELL-OFF 🔻
After a wild pump to $0.08800, $SOPH is now showing a sharp rejection with a bearish daily candle forming below the resistance zone. The price is currently trading at $0.05805, down nearly 15%, and facing strong selling pressure from the upper wick, indicating profit-taking and weak momentum continuation.
TRADE SETUP (SHORT): Entry: $0.05800 – $0.06000 Take Profit (TP): $0.05150 / $0.04580 Stop Loss (SL): $0.06500
📉 Market Outlook: Major resistance lies at $0.06880, which was the 24h high and aligns with the top of the rejection wick. The support now sits around $0.05750 (24h low), and if broken, bears may drive price further down toward the $0.045 zone. Daily candle structure favors a retracement unless bulls reclaim the wick zone with volume.
⚠️ Risk Management Tip: Use tight stop-loss to avoid volatility whipsaws. Manage size properly on such highly reactive charts.
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