SOPH's recent trend has been somewhat interesting. The current price is around 0.013387, down 1.28%. Technical indicators suggest a possible trend reversal signal, and it has completed a run of 5000 candlesticks.



From the 15-minute timeframe, the tracking line is at 0.013456, but this line has already been effectively broken downward. Key support levels are at 0.013289, 0.013224, and 0.013125, while resistance levels above are at 0.013397, 0.013958, and 0.014786.

From a bullish perspective, the current weak rebound performance is indeed worth cautioning. Once signs of trend failure become clear, a reassessment of the direction is necessary. Bears can consider light positions to test the downside, but stop-loss should be set above the 0.013456 area for safety.

The most critical risk point to watch is that the price is now close to the support level. If it quickly pulls back above the line, short positions will face significant pressure.
SOPH0.74%
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MindsetExpandervip
· 01-05 08:58
SOPH's recent rebound indeed lacks strength, it seems it needs to continue to decline further. If it breaks the line, just break it, anyway there are so many support levels, stuck there. If you want to try shorting with a small position, you need to act quickly, don't let the bulls reverse and squeeze in. This market movement is really dancing along the support levels; managing the risk properly is essential.
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On-ChainDivervip
· 01-05 08:45
SOPH this move feels like testing the bottom repeatedly. The tracking line has broken below, and we need to see if it can hold at 0.013289.
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SleepyArbCatvip
· 01-05 08:37
It's another situation where it's stuck hovering just above the support level... trapped, let's wait and see.
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