$SOPH
Setup 1: SELL / SHORT (Main Setup)
Setup Level
Sell Entry 0,001460 - 0,001479 (current price up to the 24-hour high, if rejection / a long red candle appears on the 1H)
Stop Loss 0,001530 (above the 24-hour high; if it breaks through, the pump is continuing)
Take Profit 1 0,001405 (4H Upper Bollinger Band, where the price broke down earlier)
Take Profit 2 0,001283 (4H Middle Bollinger Band)
Take Profit 3 0,001184 (24-hour low)
Risk : Reward Around 1 : 3,8 if entering at 0,001470
Mandatory condition: Don’t short at market without confirmation. Wait for the price to fail to break through 0,001479, for the 1H RSI to drop from 54 to below 50, and for a red 1H candle to close. If the price breaks through 0,001479 with rising volume, cancel the short.
Setup 2: BUY / LONG (Scalping Only, Not Swing Trading)
This long is only for quick trades, not for holding.
Setup Level
Buy Entry 0,001283 - 0,001300 (if it pulls back to the 4H Middle Bollinger Band)
Stop Loss 0,001170 (below yesterday’s low; if it breaks through, the downtrend is continuing)
Take Profit 1 0,001405 (4H Upper Bollinger Band)
Take Profit 2 0,001479 (24-hour high)
Risk : Reward Around 1 : 1,8
Invalidation: If the 4H candle closes below 0,001170, cancel all long positions. It means SOPH is likely to continue making new lows.
My plan:
SHORT at 0,001460 - 0,001479 if there’s a rejection, SL 0,001530, TP 0,001405 / 0,001283 / 0,001184
> LONG only for scalping if it pulls back to 0,001283; don’t hold for long
Are you on team chase SOPH or team wait for another dump to 0,00117? Comment below. DYOR
#SOPH #SOPHUSDT #Crypto
Setup 1: SELL / SHORT (Main Setup)
Setup Level
Sell Entry 0,001460 - 0,001479 (current price up to the 24-hour high, if rejection / a long red candle appears on the 1H)
Stop Loss 0,001530 (above the 24-hour high; if it breaks through, the pump is continuing)
Take Profit 1 0,001405 (4H Upper Bollinger Band, where the price broke down earlier)
Take Profit 2 0,001283 (4H Middle Bollinger Band)
Take Profit 3 0,001184 (24-hour low)
Risk : Reward Around 1 : 3,8 if entering at 0,001470
Mandatory condition: Don’t short at market without confirmation. Wait for the price to fail to break through 0,001479, for the 1H RSI to drop from 54 to below 50, and for a red 1H candle to close. If the price breaks through 0,001479 with rising volume, cancel the short.
Setup 2: BUY / LONG (Scalping Only, Not Swing Trading)
This long is only for quick trades, not for holding.
Setup Level
Buy Entry 0,001283 - 0,001300 (if it pulls back to the 4H Middle Bollinger Band)
Stop Loss 0,001170 (below yesterday’s low; if it breaks through, the downtrend is continuing)
Take Profit 1 0,001405 (4H Upper Bollinger Band)
Take Profit 2 0,001479 (24-hour high)
Risk : Reward Around 1 : 1,8
Invalidation: If the 4H candle closes below 0,001170, cancel all long positions. It means SOPH is likely to continue making new lows.
My plan:
SHORT at 0,001460 - 0,001479 if there’s a rejection, SL 0,001530, TP 0,001405 / 0,001283 / 0,001184
> LONG only for scalping if it pulls back to 0,001283; don’t hold for long
Are you on team chase SOPH or team wait for another dump to 0,00117? Comment below. DYOR
#SOPH #SOPHUSDT #Crypto
