$SOPH just printed a strong impulsive move after a clean base and volume expansion. I’m seeing a healthy pullback now, not panic selling. Structure is still bullish as price is holding above the key breakout zone and forming higher lows on the lower timeframe. This looks like continuation rather than distribution.
Why this setup works
I’m trading this because the move was driven by real momentum, not a single spike. The pullback is shallow, volume is cooling, and price is respecting previous resistance turned support. As long as that level holds, buyers stay in control.
Trade Plan
Entry Zone:
0.0170 – 0.0174
Target Points:
Target 1: 0.0188
Target 2: 0.0205
Target 3: 0.0235
Stop Loss:
0.0162
I’m managing risk tightly here because volatility is high, but the reward still outweighs the risk if price reclaims momentum.
SOPH
0.01587
+24.56%