2026-01-05 08:28:48

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.

SOPH-5,83%

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ApeWithNoFear

· 01-07 11:55

SOPH's trend, to be honest, is a bit hard to hold up. Weak rebounds are a signal that it wants to crash down. --- It's another story of a tracking line being broken, I bet it will continue to push downward. --- Stick close to the support level? Then just wait to be squeezed out. No matter how beautiful the bears are, set your stop-loss properly. --- Completing a cycle with 5000 K-lines sounds impressive, but is it really about to reverse this time? --- I support testing the downside with a small position, but don’t get chopped up back and forth. I’ve seen this coin’s nature too many times. --- Price plunging along the support level, just see if it can really break through. That’s the real show. --- The bulls should be scared now, weakness is a sign of an upcoming decline. --- With so many support layers, sooner or later one will fail. The question is when. --- That tracking line at 0.013456 is indeed critical. Returning above it, short sellers will be liquidated soon. --- If I read this technical signal correctly, there’s still plenty of room for downside.

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ApeWithAPlan

· 01-07 11:10

SOPH's rebound this time is indeed weak. Don't be fooled by the reversal signals, beware of another false breakout.

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MindsetExpander

· 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-ChainDiver