$SOMI /USDT - Strong breakout testing MA60 as new support
The price of SOMI surged by an astonishing +34.25% to $0.2677, decisively breaking the key MA60 level at $0.2655. This 'gained' condition supports a strong recent performance (today: +33.73%, 7 days: +16.57%). The price is now at a critical stage, retracing to test the previous resistance at MA60 as new support. A successful hold here could confirm a significant trend reversal from the long-term bearish trend (90 days: -49.11%).
Key levels:
Support: $0.2655 (MA60 - new key level) / $0.2500 (psychological)
Resistance: $0.2979 (24-hour high) / $0.3100 (next target)
Trading idea (Long condition on support retest):
Entry zone: $0.2660 - $0.2690 (upon successful hold above MA60 support)
Stop loss (SL): $0.2580 (below MA60 and recent consolidation area)
Take profit targets (TP):
TP1: $0.2850 (initial target)
TP2: $0.2979 (retest of 24-hour high)
TP3: $0.3150 (breakout extension target)
$SOMI
Logic: The explosive movement and break of the key moving average indicate strong buying pressure. The optimal strategy is to enter on a downward reaction that respects the MA60 indicator as new support, providing a favorable risk/reward ratio to participate in the potential new upward trend.
#SOMI #الطبقة_الأولى #BukhariTechTips
The price of SOMI surged by an astonishing +34.25% to $0.2677, decisively breaking the key MA60 level at $0.2655. This 'gained' condition supports a strong recent performance (today: +33.73%, 7 days: +16.57%). The price is now at a critical stage, retracing to test the previous resistance at MA60 as new support. A successful hold here could confirm a significant trend reversal from the long-term bearish trend (90 days: -49.11%).
Key levels:
Support: $0.2655 (MA60 - new key level) / $0.2500 (psychological)
Resistance: $0.2979 (24-hour high) / $0.3100 (next target)
Trading idea (Long condition on support retest):
Entry zone: $0.2660 - $0.2690 (upon successful hold above MA60 support)
Stop loss (SL): $0.2580 (below MA60 and recent consolidation area)
Take profit targets (TP):
TP1: $0.2850 (initial target)
TP2: $0.2979 (retest of 24-hour high)
TP3: $0.3150 (breakout extension target)
$SOMI
Logic: The explosive movement and break of the key moving average indicate strong buying pressure. The optimal strategy is to enter on a downward reaction that respects the MA60 indicator as new support, providing a favorable risk/reward ratio to participate in the potential new upward trend.
#SOMI #الطبقة_الأولى #BukhariTechTips