SOMI/USDT - Pullback Opportunity Setup
SOMI is consolidating after a strong rally, currently trading at 0.2747. Key moving averages are providing clear levels for a potential long entry on a pullback.
Trade Idea (15M-1H Timeframe):
· Entry Zone: 0.2680 - 0.27390 (Near MA25 support & previous consolidation)
· Stop Loss: 0.2500 (Below the 24H low and key support)
· Take Profit Targets:
· TP1: 0.2850 (Local resistance)
· TP2: 0.2950 (24H High / Swing target)
The setup aims to catch a bounce from the dynamic support offered by the MA(25) at 0.2678, targeting a move back towards the daily high. Risk is defined below the recent swing low.
Trade carefully and always manage your risk. This is not financial advice.
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SOMIUSDT
Perp
0.2767
+6.05%