$SOPH 1H Trade Setup.
⛓️ PRICE AND EMA ALIGNMENT: The current price of $SOPH is $0.023010. EMA16 is at $0.022555, EMA64 at $0.022763, and EMA256 at $0.025158. The alignment of EMAs suggests a short term bullish trend, as the price is above EMA16 and EMA64 but below EMA256.
📊 VWAP AND RSI: The VWAP stands at $0.023865, indicating that the price is currently trading below the VWAP, suggesting a potential buying opportunity. The RSI is at 56.64, placing it in a neutral to slightly bullish zone, not indicating overbought or oversold conditions.
📈 VOLUME ANOMALIES AND PIVOT LEVELS: A volume anomaly is present, indicating unusual trading activity that could precede a price movement. The last confirmed pivot high is at $0.027240, and the pivot low is at $0.023530, providing potential resistance and support levels.
🎯 ACTION AND STRATEGY: Given the EMA alignment and volume anomaly, consider a LONG position, as the setup favors upward movement. ENTRY at $0.023010, TAKE PROFIT at $0.025043, and STOP LOSS at $0.021993.
This is my personal approach and not financial advice. #bairbi #bairbita #aitrading
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