🐻 **$SOMI
Moving Sideways, Downside Risk Growing**
* The most recent daily candle settled around 0.2437 with light volume near 16M, showing little interest from buyers.
* Earlier action showed selling pressure with price falling on stronger volume, followed by low-energy ranging. While 24h volume sits around 28M, it does not suggest a fresh move is starting.
* The main concern is capital movement. Both spot and derivatives show consistent net outflows across all timeframes from minutes to a full week. Contract flows alone are down about 410k over 24 hours, with the 7 day figure near -3.17M. Capital is clearly exiting, which adds weight to the downside.
**My view on $SOMI:** Leaning bearish, waiting for a clear signal.
* Preferred short trigger is a clean break and close below 0.2402, the recent 24 hour low, ideally with rising volume.
* Alternative scenario would require a strong push above 0.2661 with heavy volume and a shift to positive flows. That could open room toward 0.2885, but current data makes this unlikely.
* Risk control for a breakdown short would be around 0.2490, allowing for normal noise since volatility is low with ATR near 0.027.
* Downside objectives sit at 0.2279 first, then 0.2121 if selling accelerates.
**Current price:** SOMIUSDT Perp around 0.2493, up 2%.
This setup is about waiting, not chasing. With flows pointing to seller control, patience matters. Keep position size modest if the short triggers.