$SOPH CONSOLIDATION WITH BEARISH PRESSURE BUILDING
$SOPH is trading at $0.05307 after rejecting near $0.05660 and failing to sustain its bounce. The price is consolidating just above key short-term support, with bearish volume creeping in. A breakdown below $0.05280 could trigger accelerated downside momentum.
• Entry Zone: $0.05270 – $0.05320
• TP1: $0.05140
• TP2: $0.04960
• TP3: $0.04780
• SL: $0.05480
Watch for a 5m close below $0.05280 with rising volume to confirm breakdown. This range could be the warning before the next leg lower.
#CEXvsDEX101 #TradingTypes101 #FTXRefunds
$SOPH is trading at $0.05307 after rejecting near $0.05660 and failing to sustain its bounce. The price is consolidating just above key short-term support, with bearish volume creeping in. A breakdown below $0.05280 could trigger accelerated downside momentum.
• Entry Zone: $0.05270 – $0.05320
• TP1: $0.05140
• TP2: $0.04960
• TP3: $0.04780
• SL: $0.05480
Watch for a 5m close below $0.05280 with rising volume to confirm breakdown. This range could be the warning before the next leg lower.
#CEXvsDEX101 #TradingTypes101 #FTXRefunds
