The coin $SOPH shows a confident growth โ over the last 24 hours +17%, current price $0.02835. After consolidating in the range of $0.023โ0.025, the asset is gaining momentum, forming an upward impulse. Trading volumes are increasing, indicating heightened interest from traders and the possible continuation of the bullish trend.
Technical picture:
Key support zone โ $0.0265โ0.0270, nearest resistance โ $0.0300, breaking which opens the way to $0.034โ0.036. The RSI and MACD indicators show positive dynamics, but locally a correction is possible for liquidity accumulation.
๐ Bullish scenario:
Entry โ upon $SOPH fixing above $0.0290.
TP1 โ $0.0315, TP2 โ $0.0345.
SL โ 2โ5% from the entry point (โ$0.028โ0.0275).
It is recommended to use a small percentage of the deposit and as it grows, move the SL to breakeven.
๐ Bearish scenario:
If the price does not hold above $0.027, a pullback to $0.025โ0.024 is possible. Entry for short-term shorts is possible upon breaking $0.0265 with targets $0.025 and $0.0235.
The market remains volatile, so it is important to adhere to risk management and gradually take profits.
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