Market Outlook: $SOPH 1h Momentum Check
$SOPH has pulled back after a sharp rise and rejection near its recent swing high. The price is currently testing key demand zones, setting the stage for a potential bullish push.
Support lies near 0.02479, with a more critical level at 0.02411; resistance is seen around 0.02804. Holding above 0.02411 supports a bullish scenario targeting 0.02804 and possibly higher if momentum revives. A break below 0.02411 shifts bias bearish toward 0.02173. Watch for reversal patterns on lower timeframes near support for entry clues. This note is abridged. The full analysis with TP/SL/entry levels and advanced setups is inside the Finora Telegram bot.
⚠️ This is an AI analysis and not financial advice.
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