🔴 SOPHUSDT — FUTURES SHORT (1H SCALP, conditional)
Entry Zone: $0.00240-$0.00250
SL: $0.00265
TP1: $0.00225
TP2: $0.00205
TP3: $0.00185
R:R: 1:1.00 to TP1, 1:2.00 to TP2, 1:3.00 to TP3 (midpoint $0.00245)
TF: 1H SCALP
SOPH spiked hard, up over 50% in 24 hours to $0.00260, and then it could not hold it. That high was rejected, the next high came in lower at $0.00248, and closes have been falling since, now around $0.00222. That lower-high rejection after a big spike is the pattern I was watching for, not just the big percentage alone.
Why I like this one: this is a conditional trade, not a market entry. Wait for price to bounce back into $0.00240-$0.00250 and get rejected there, then the short is live. Do not chase it down here and do not short at market below the zone.
Invalidation: a 1H close above $0.00265, above the $0.00260 spike high, cancels this idea. If that happens, the trade is off.
This is a fast 1H scalp on a very volatile coin, so keep size small and respect the stop-loss.
Analysis Only — Not Financial Advice (NFA). Trading involves risk.
Follow Profit Direction for more signals, best signals and market updates. Share your opinion in the comments.
#SOPH #SOPHUSDT #CryptoTrading #FuturesTrading
Entry Zone: $0.00240-$0.00250
SL: $0.00265
TP1: $0.00225
TP2: $0.00205
TP3: $0.00185
R:R: 1:1.00 to TP1, 1:2.00 to TP2, 1:3.00 to TP3 (midpoint $0.00245)
TF: 1H SCALP
SOPH spiked hard, up over 50% in 24 hours to $0.00260, and then it could not hold it. That high was rejected, the next high came in lower at $0.00248, and closes have been falling since, now around $0.00222. That lower-high rejection after a big spike is the pattern I was watching for, not just the big percentage alone.
Why I like this one: this is a conditional trade, not a market entry. Wait for price to bounce back into $0.00240-$0.00250 and get rejected there, then the short is live. Do not chase it down here and do not short at market below the zone.
Invalidation: a 1H close above $0.00265, above the $0.00260 spike high, cancels this idea. If that happens, the trade is off.
This is a fast 1H scalp on a very volatile coin, so keep size small and respect the stop-loss.
Analysis Only — Not Financial Advice (NFA). Trading involves risk.
Follow Profit Direction for more signals, best signals and market updates. Share your opinion in the comments.
#SOPH #SOPHUSDT #CryptoTrading #FuturesTrading
