$SOPH Market Update | Bullish Structure Holding
$SOPH is currently trading around 0.01362, posting a +4.85% gain in the last 24 hours. After a strong impulsive push toward 0.01414, price has cooled off into a tight and controlled consolidation — a healthy pause rather than a reversal.
On the 1H timeframe, the structure remains constructive. Selling pressure has clearly weakened, higher lows are forming from the 0.01330–0.01340 demand zone, and recent candles suggest buyers are stepping back in, indicating momentum is rebuilding.
Trade Setup (Long Bias)
Entry Zone:
0.01345 – 0.01365
Targets:
🎯 TP1: 0.01400
🎯 TP2: 0.01440
🎯 TP3: 0.01500
Stop Loss:
0.01310
Technical Outlook
• The 0.01330 demand zone has held multiple tests, confirming strong short-term support.
• A clean break and hold above 0.01415 would signal continuation and trend expansion.
• Volume expansion on the breakout is essential for follow-through toward higher targets.
If SOPH reclaims the recent high with conviction, this setup can evolve into a strong short-term rally. Risk management remains key, especially after sharp intraday moves.
Trade smart. Stay disciplined.
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