The spike was rejected. Now the real test is the pullback.
$SOPH printed a sharp rejection from 0.004580 and has since lost the entire EMA structure on the 1H chart.
EMA7 < EMA25 ≈ EMA99, while price remains below all three. Unless buyers reclaim the EMA cluster, rallies into resistance may continue to offer Short opportunities.
🔴 SHORT
Entry: 0.00358–0.00367
TP1: 0.00352
TP2: 0.00342
SL: 0.00378
🟢 Trade Grade
A Setup
The clean trade is the retest not the red candle. Watch the bounce. 👇
$SOPH printed a sharp rejection from 0.004580 and has since lost the entire EMA structure on the 1H chart.
EMA7 < EMA25 ≈ EMA99, while price remains below all three. Unless buyers reclaim the EMA cluster, rallies into resistance may continue to offer Short opportunities.
🔴 SHORT
Entry: 0.00358–0.00367
TP1: 0.00352
TP2: 0.00342
SL: 0.00378
🟢 Trade Grade
A Setup
The clean trade is the retest not the red candle. Watch the bounce. 👇
