$SOPH USDT Heavy long liquidation of 4.31K at 0.01485 shows late buyers got trapped near local resistance. This usually happens when price rejects from a short term top. Market sentiment is weak to neutral in the short term as buyers are cautious after the flush. Price may consolidate or dip before next move.
Support zone sits at 0.01410 then 0.01360. Resistance is at 0.01520.
Targets are TG1 0.01410 TG2 0.01360 TG3 0.01290.
Pro tip: Avoid chasing green candles after liquidation spikes. Wait for price to stabilize near support.
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SOPH
0.01465
-6.92%