Is $SOPH still going down? Here is the bearish continuation setup 📉
Continuation | 📉 Sell
💰 Current price: 0.00605
📊 24h range: 0.00463 – 0.01390
📦 24h volume: $71.54M USDT
📐 Technical indicators:
Current price: 0.00605 — clearly trading below the MA60 (0.00617) ⚠️
Structure: Continuous bearish move in the short term. The price attempted a bounce toward the 0.00620 zone, but it was completely rejected, opening the way to a new local low.
📉 Entry zone (Short/Sell): 0.00605 – 0.00617
🛑 Stop loss: 0.00635 (Above the recent local highs)
🎯 Target 1: 0.00550
🎯 Target 2: 0.00500
🎯 Target 3: 0.00463 (24h low)
📊 Confidence: 85%
Technical note: Although it holds a +29.55% over the last 24 hours, the short-term structure shows that sellers control the market. The decrease in buy volume on local bounces increases the likelihood of seeking liquidity at the bottom of the daily range.
$SOPH
Click here to trade👇
#BinanceSquare #PublicayGana #white2Earn
Continuation | 📉 Sell
💰 Current price: 0.00605
📊 24h range: 0.00463 – 0.01390
📦 24h volume: $71.54M USDT
📐 Technical indicators:
Current price: 0.00605 — clearly trading below the MA60 (0.00617) ⚠️
Structure: Continuous bearish move in the short term. The price attempted a bounce toward the 0.00620 zone, but it was completely rejected, opening the way to a new local low.
📉 Entry zone (Short/Sell): 0.00605 – 0.00617
🛑 Stop loss: 0.00635 (Above the recent local highs)
🎯 Target 1: 0.00550
🎯 Target 2: 0.00500
🎯 Target 3: 0.00463 (24h low)
📊 Confidence: 85%
Technical note: Although it holds a +29.55% over the last 24 hours, the short-term structure shows that sellers control the market. The decrease in buy volume on local bounces increases the likelihood of seeking liquidity at the bottom of the daily range.
$SOPH
Click here to trade👇
#BinanceSquare #PublicayGana #white2Earn
