$SOMI
SOMI has just completed a vertical expansion from a long accumulation base, followed by a controlled pause near the highs. Price swept sell-side liquidity around $0.190$, broke structure with strong displacement, and is now consolidating above prior resistance. This behavior reflects acceptance at higher levels, not immediate distribution.
EP (Entry Price): $0.258 – $0.268$
This zone marks the shallow pullback area into the breakout base, where price is holding above previous resistance turned support.
TP (Take Profit):
TP1: $0.292$
TP2: $0.325$
TP3: $0.360$
SL (Stop Loss): $0.242$
Trend strength: The short-term trend is strongly bullish, defined by a clean impulsive leg and tight consolidation near highs.
Momentum and structure bias: Momentum remains elevated, and the lack of deep pullbacks shows buyers are in control and selling pressure is limited.
Target rationale: Liquidity sits above $0.292$ and higher into $0.325$, and sustained consolidation after expansion typically resolves with another continuation leg.
Bias favors bullish continuation as long as SOMI holds above $0.242$ on a closing basis.
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