🛑$SOMI
BEARISH SETUP: DOWNSIDE PRESSURE LIKELY
$SOMI is showing early signs of bearish momentum after failing to sustain above the 0.320 resistance zone. The price is consolidating near 0.300, and short-term charts indicate potential for further decline. Bears are gaining control, and key support levels are likely to be tested in the near term.
Entry: Consider entering a short position near the current consolidation level, ideally on a confirmed break below 0.300.
Targets:
TP1: 0.2939 — immediate support from daily lows
TP2: 0.2800 — next strong support area
TP3: 0.2650 — historical support and key psychological level
Stop Loss: 0.320 — above recent resistance to avoid false breakout
Key Levels:
Resistance: 0.320, 0.340, 0.360
Support: 0.2939, 0.2800, 0.2650
Pivot Zone: 0.300
Pro Tip: Maintain strict risk management — risk only 1–2% of capital per trade and monitor sudden volatility swings.