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$SOMI is surging with strong momentum. Bulls are in full control, pushing toward key resistance levels.
🎯 Target Levels (Take Profit):
🥇 TP1: $1.05 – Initial resistance
🥈 TP2: $1.12 – Breakout continuation zone
🥉 TP3: $1.20 – Extended bullish target
🛑 Stop Loss:
❌ SL: $0.90 – Below recent support to limit downside risk
📈 Trend: Strong bullish momentum with increasing volume ⏳ Timeframe: Short to mid-term swing setup ⚠️ Risk Note: Use proper position sizing and monitor for volatility #Somnia @Somnia Official
💥 Volatile Session Recap The price surged to a session high of 0.2611 before facing a sharp reversal down to 0.2531. This whipsaw action reflects increased short-term volatility, catching both sides off guard.
🛡️ Support Under Pressure Buyers are currently defending the critical 0.2530 support — a key level that’s held multiple intraday tests. A clean break below this zone could open the door to deeper downside.
🔺 Resistance: 0.2611 – Needs reclaiming to spark fresh upside.
📈 Quick Take for Active Traders The market is at a decision point. Hold above 0.2530 could trigger a bounce setup; otherwise, sellers may press for a deeper move. Watch for volume spikes and candlestick confirmation around support.
📉 Price Action Today’s drop to $0.8101 shows some near-term weakness, likely due to low volume or a shakeout. But if you're saying the setup is intact, you're probably still seeing:
Higher time-frame support holding
A potential bullish pattern (maybe a flag, wedge, or base)
Or some kind of RS/RLZ (reaccumulation zone)
🔥 Momentum Flip Potential If the price can reclaim a key level — maybe around $0.85–$0.87 — and volume kicks in, this could quickly become a momentum trade. With enough fuel (news, social buzz, or volume spike), a move to $1+ is realistic and possibly accelerated.
💡 Key Levels to Watch:
Support: $0.78 – $0.80 (if this fails, you might be looking at a deeper correction)