$SOPH Short 10x | Active supply zone, patience is rewarded.
Trading plan:
- Entry: 0.00386 – 0.00387
- TP1: 0.00380 (R:R 1:0.7)
- TP2: 0.00375 (R:R 1:1.2)
- TP3: 0.00369 (R:R 1:2.0)
- SL: 0.00395
Why this setup?
- The short scenario is based on the 4h chart, as the price respects the 0.00386–0.00387 range, while the daily trend remains bearish.
- RSI on the 15m timeframe at 42 indicates there is room for downside for sellers, provided they defend the level.
- Volume is 0.79x: 13.34M versus 16.84M expected, confirming participation in the move.
Trading plan:
- Entry: 0.00386 – 0.00387
- TP1: 0.00380 (R:R 1:0.7)
- TP2: 0.00375 (R:R 1:1.2)
- TP3: 0.00369 (R:R 1:2.0)
- SL: 0.00395
Why this setup?
- The short scenario is based on the 4h chart, as the price respects the 0.00386–0.00387 range, while the daily trend remains bearish.
- RSI on the 15m timeframe at 42 indicates there is room for downside for sellers, provided they defend the level.
- Volume is 0.79x: 13.34M versus 16.84M expected, confirming participation in the move.