😲 $SOPH LAYER 2 SURPRISE: UP 16% WITH LONGS BLOCKED
CoinDCX put SOPH in reduce-only mode this morning after its liquidity provider was hit, and the price is still up 16%. To me, when an exchange prohibits you from opening longs and the price still rises, that’s not leverage: it’s spot buying that doesn’t ask permission.
Look at the detail nobody is seeing:
→ CoinDCX is keeping SOPH in reduce-only mode, with no new positions, while monitoring for manipulation and unusual volatility.
→ SOPH +15.8% with $38.9M, while $ZK -14.1% and $STRK -6.6% are sinking in Layer 2s.
→ Entry $0.0016785–$0.001749, SL $0.0016362, TP1 $0.0019770 (+15.4%) → TP2 $0.0021425 (+25.0%).
Is SOPH targeting $0.0019770, or will its chain shutdown send it back down? 👇
$SOPH
#Sophon #Capas2 #Crypto
CoinDCX put SOPH in reduce-only mode this morning after its liquidity provider was hit, and the price is still up 16%. To me, when an exchange prohibits you from opening longs and the price still rises, that’s not leverage: it’s spot buying that doesn’t ask permission.
Look at the detail nobody is seeing:
→ CoinDCX is keeping SOPH in reduce-only mode, with no new positions, while monitoring for manipulation and unusual volatility.
→ SOPH +15.8% with $38.9M, while $ZK -14.1% and $STRK -6.6% are sinking in Layer 2s.
→ Entry $0.0016785–$0.001749, SL $0.0016362, TP1 $0.0019770 (+15.4%) → TP2 $0.0021425 (+25.0%).
Is SOPH targeting $0.0019770, or will its chain shutdown send it back down? 👇
$SOPH
#Sophon #Capas2 #Crypto
