$SOMI
1. Overall Trend Judgment (Core)
SOMI once had glory (rising to 1.80 - 2.00), but then experienced a brutal value destruction, with a decline of over 85%, and remained silent for several months in the bottom range of 0.2000 - 0.2500.
Current status: Current price 0.3115, the K-line shows a bearish line retreat (-3.47%). This means that the recently ignited rebound momentum has encountered resistance from the trapped positions above, and is currently undergoing a confirmation of the pullback after the breakout.
SOMI’s short-term activity is rising, but it is a high-risk “trial” market. The main force is trying to awaken the market, but the selling pressure above is heavy. Whether it can hold the 0.30 level is the key to the subsequent trend.
2. Key Levels
Resistance Level (Selling Pressure Area):
Short Resistance: 0.3500 - 0.4000. This wave's pulse high point area, also the upper edge of the range trading. The recent surge was rejected here, and it is a clear resistance level in the short term.
Strong Resistance: 0.5000 - 0.6000. A continuation platform for the downturn. If it can break through 0.40, the next target will be to test the “tombstone” position at 0.60.
Support Level (Defense Area):
Lifeline: 0.2800. The first support platform after the rise. Bulls must defend this level; if it effectively breaks down, it indicates that this wave's rally is a “trap,” and the price will return to silence.
Extreme Bottom: 0.2000. Historical iron bottom. Breaking below here means zero risk.
3. Trading Volume Signal
Signal: Growing like a bamboo shoot after rain, volume is unstable.
The recent rise has been accompanied by a significant increase in trading volume, but the subsequent decline did not show a significant reduction in volume, indicating there is still a large discrepancy, with profit-taking and stop-loss positions exiting the market.
4. Operating Strategy
Holders: Take profit and reduce positions.
If you have positioned at the bottom, you already have decent floating profits. It is recommended to take profits in batches above 0.3000.
If you are unwilling to exit, be sure to set a stop-loss at 0.2800 to prevent profit pullback.
Non-holders: Observe the strength of the pullback.
Do not chase the high! It is currently in a pullback.
Strategy: Patiently wait for the price to pull back near 0.2800 - 0.2900. If it stabilizes (shows a lower shadow or small bullish line), you can lightly speculate on a second wave of rise; if it directly breaks down, then abandon the operation.
5. Summary
SOMI is undergoing a “waking test,” at 0.28 - 0.40. The volatility of this long-term depressed currency is very fast, so do not fall in love with the battle!