$SOPH — SHORT
I was checking the perpetual board and this one nearly made me do a double-take. $SOPH just printed a clean, high-volume dump and is sitting right on its all-time low while Supertrend, MA25 and MA99 are still pointing down hard.
Price is bleeding under every moving average with MACD still expanding negative. Open interest climbed while the top traders flipped heavily short — classic continuation fuel, not a squeeze setup yet.
Entry: 0.00238 – 0.00242
SL: 0.00255
TP1: 0.00220 | TP2: 0.00205
Leverage: 3–5x max
If it reclaims 0.00255 and holds, the short is dead. Until then the path of least resistance is still lower. No need to be a hero at the bottom of a 25% daily candle.
I was checking the perpetual board and this one nearly made me do a double-take. $SOPH just printed a clean, high-volume dump and is sitting right on its all-time low while Supertrend, MA25 and MA99 are still pointing down hard.
Price is bleeding under every moving average with MACD still expanding negative. Open interest climbed while the top traders flipped heavily short — classic continuation fuel, not a squeeze setup yet.
Entry: 0.00238 – 0.00242
SL: 0.00255
TP1: 0.00220 | TP2: 0.00205
Leverage: 3–5x max
If it reclaims 0.00255 and holds, the short is dead. Until then the path of least resistance is still lower. No need to be a hero at the bottom of a 25% daily candle.