$SOPH directly drops to around 0.0051—this drawdown is extreme enough.😂

On the hourly chart, it’s starting to stabilize now, so you can start observing.

Use a small position to test: add only after it reclaims 0.0055—0.006.

If it breaks below 0.005, continue to watch from the sidelines.
The sentiment from the network switch has basically been priced in, but you can still bet on a rebound!