The top gainer of the day ....Look Traders
$SOPH Price Action Update – Clean Pullback After Strong Momentum
SOPH showed a sharp bullish impulse from the 0.0160 area and printed a local high near 0.0204, confirming strong buyer interest.
After the spike, price entered a healthy pullback phase and is now consolidating around 0.0172, which is a key decision zone.
The main support is holding at 0.0168 to 0.0165, this area acted as demand earlier and buyers defended it well.
Below that, a stronger support sits near 0.0160, which is the last bullish structure level.
The immediate resistance is at 0.0180 to 0.0185, where multiple rejections are visible.
A higher resistance zone is placed around 0.0200 to 0.0205, the previous top.
Short-term long entry can be planned near 0.0168 to 0.0170 with a stop-loss below 0.0160, targeting 0.0180 first.
Mid-term long entry is safer on a breakout and hold above 0.0185, stop-loss below 0.0176, targets toward 0.0200+.
For short-term short trades, rejection from 0.0182 to 0.0185 can be considered with a stop-loss above 0.0190, targeting 0.0170.
Overall structure remains bullish as long as price holds above the 0.0165 support and pullbacks look corrective, not breakdowns.
