🔥 $SOMI / USDT – Bullish Outlook for a Potential Breakout 📈
Current Price: $1.0269
🔑 Key Levels
Resistance: $1.0644 – A breakout and sustained move above this zone could confirm bullish momentum.
Support: $1.00 – A strong psychological level. Secondary support lies near $0.9618, which previously acted as a solid base.
📊 Trade Setup (Long)
Entry: Consider entering on a confirmed breakout above $1.0644, or on a clean retest of $1.00 if price dips.
Target 1 (TP1): $1.15 – First resistance zone.
Target 2 (TP2): $1.25 – Next major extension level.
Stop Loss (SL): Below $0.99 to minimise downside risk.
⚖️ Risk Management
Always set a stop loss to protect your capital.
Risk only 1–2% of your portfolio per trade.
Secure profits along the way — consider taking partials at TP1 and trailing SL as price moves up.
📌 Disclaimer: This is a technical analysis based on current market conditions, not financial advice. Always DYOR before trading.
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