$SOPH /USDT – BEARISH PULLBACK IN PLAY AFTER PARABOLIC RUN ⚠️📉
$SOPH has printed a sharp +25% impulsive rally but is now losing momentum and trading below key moving averages, signaling exhaustion in the short term. Sellers are stepping in near highs, and current structure favors a corrective pullback before any healthy continuation.
📌 Trade Setup (Bearish Bias / Pullback Play)
Entry Zone (Short / Sell on Bounce):
0.01640 – 0.01680
(Rejected MA cluster + previous supply)
Take Profit Targets:
🎯 TP1: 0.01520 – 0.01500 (local demand / first reaction zone)
🎯 TP2: 0.01420 – 0.01390 (deep pullback support)
🎯 TP3: 0.01280 – 0.01250 (major demand & trend reset zone)
Stop Loss:
🛑 0.01740
(Above structure high & MA reclaim)
📊 Short Market Outlook
Momentum has shifted bearish on 15M–1H, with price trading below MA7, MA25, and MA99 — a clear sign of short-term weakness.
MACD remains negative, confirming fading bullish pressure.
Volume has dropped significantly after the impulse, supporting the idea of distribution rather than continuation.
👉 A failure to reclaim 0.01680 keeps downside pressure active.
A clean breakdown below 0.01550 can accelerate the move toward 0.01400+.
#SOPHUSDT #BearishPullback #AltcoinCorrection #MomentumShift #CryptoTrading 📉