#SOPH remains within a long-term bearish structure, characterized by the yellow Descending Trendline that has continued to pressure price lower from the previous high area.
However, price is currently approaching an important area around the descending trendline. This makes the area a critical decision zone for determining whether SOPH will experience a reversal.
It is better to wait until the price successfully breaks through this resistance line then Buy / Long after that.
Short term target minimum 15-30%+ after Breakout.
