🔴 $SOPH /USDT – 15m Chart Analysis
Price is in a clear short term downtrend, making lower highs and lower lows. The recent bounce failed below key EMAs, confirming continued selling pressure rather than a reversal.
Trend: Short term bearish
Market structure: Lower high continuation
Momentum: Weak, sellers in control
Key levels
Resistance: 0.0150 – 0.0153
Major resistance: 0.0156
Support: 0.0146 – 0.0144
Trade setup
No high probability long setup at current structure.
Short entry: 0.0149 – 0.0151 on rejection
Targets: 0.0146, 0.0144
Stop loss: 0.0156
Scenario
As long as price stays below 0.0153, downside continuation remains favored. A strong reclaim and hold above 0.0156 would be required to neutralize the bearish structure and shift into consolidation.
