The structure on $SOPH has changed enough to put this setup on my watchlist.
What stands out here is that the 1H move is +5.51% and volume is running about 2.7x its recent pace. That gives the move real context instead of treating every candle as a signal.
The area around $0.003269 is the level I would watch next. Losing it cleanly would strengthen the bearish case; holding it would warn against pressing shorts too late.
Would you take this SHORT setup on $SOPH, or wait for a cleaner entry?
#SOPH #Trading
Trade plan: SHORT
Entry: $0.004099
SL: $0.012662
TP1: $-0.004464
TP2: $-0.013027
TP3: $-0.02159
What stands out here is that the 1H move is +5.51% and volume is running about 2.7x its recent pace. That gives the move real context instead of treating every candle as a signal.
The area around $0.003269 is the level I would watch next. Losing it cleanly would strengthen the bearish case; holding it would warn against pressing shorts too late.
Would you take this SHORT setup on $SOPH, or wait for a cleaner entry?
#SOPH #Trading
Trade plan: SHORT
Entry: $0.004099
SL: $0.012662
TP1: $-0.004464
TP2: $-0.013027
TP3: $-0.02159
