I’m telling everyone that $SOMI just printed a long liquidation at $0.26592 with $1.7368K wiped, and that shows late buyers were caught in a trap. I have checked momentum and they are clearly struggling to hold the higher range, which tells me selling pressure is still active at these levels. This is why you need to be careful here, the structure looks weak but my analysis says a short-term bounce is still possible once forced selling pressure fades and price stabilizes.
EP: $0.26592
TP1: $0.26050
TP2: $0.25300
TP3: $0.24450
SL: $0.27200
If you want to trade this, wait for price to settle near entry instead of reacting emotionally. $SOMI
