$SOMI is hitting a brick wall at the apex. The buying energy is completely tapped out.

SHORT $SOMI

Entry: 0.207 – 0.211

SL: 0.216

TP1: 0.199

TP2: 0.191

Wedged itself into a tight corner at a major resistance level, and the momentum is clearly rolling over. We are seeing a series of rejections at the upper trendline, indicating that sellers are stepping in to cap any further upside. With a breakdown of this narrowing structure and clear liquidity resting below the recent lows, the path of least resistance is a sharp move lower to test the primary support zones.

Trade $SOMI

SOMI
SOMIUSDT
0.1951
-2.74%