🔥 SOPHUSDT — SIGNS OF A REVERSAL?
SOPH is starting to attract attention. After an extended decline, the price bounced from the 0.00117 area, while trading volume and open interest increased noticeably.
But the most interesting part is yet to come.
📊 What the chart shows:
- 4H: The price has held above EMA25 and EMA99, but is still below EMA7.
- 1D: RSI is around 60 — buyers are gradually taking the initiative.
- 4H RSI is around 47 — there is still room for further movement.
- Volume has increased, and open interest also points to increased market activity.
- The overall trend remains bearish for now.
🎯 TRADING PLAN
🟢 LONG — primary scenario, subject to confirmation:
Entry: 0.00190–0.00198 (after holding above the level and retesting it)
TP1: 0.00212
TP2: 0.00235
TP3: 0.00260
SL: 0.00176
🔴 Alternative scenario:
If the price loses 0.00167 and holds below it, it could return to 0.00155 and retest 0.00140.
⚠️ What to watch:
The 0.00190–0.00212 zone is the nearest significant hurdle for buyers. A breakout above 0.00212 on strong volume could strengthen the upward momentum.
I wouldn’t rush to open a position at market yet; it’s better to wait for confirmation.
$SOPH
#SOPH #Binance #Crypto #Trading #Futures
SOPH is starting to attract attention. After an extended decline, the price bounced from the 0.00117 area, while trading volume and open interest increased noticeably.
But the most interesting part is yet to come.
📊 What the chart shows:
- 4H: The price has held above EMA25 and EMA99, but is still below EMA7.
- 1D: RSI is around 60 — buyers are gradually taking the initiative.
- 4H RSI is around 47 — there is still room for further movement.
- Volume has increased, and open interest also points to increased market activity.
- The overall trend remains bearish for now.
🎯 TRADING PLAN
🟢 LONG — primary scenario, subject to confirmation:
Entry: 0.00190–0.00198 (after holding above the level and retesting it)
TP1: 0.00212
TP2: 0.00235
TP3: 0.00260
SL: 0.00176
🔴 Alternative scenario:
If the price loses 0.00167 and holds below it, it could return to 0.00155 and retest 0.00140.
⚠️ What to watch:
The 0.00190–0.00212 zone is the nearest significant hurdle for buyers. A breakout above 0.00212 on strong volume could strengthen the upward momentum.
I wouldn’t rush to open a position at market yet; it’s better to wait for confirmation.
$SOPH
#SOPH #Binance #Crypto #Trading #Futures