#SOMIAnalysis š¹ Technical Analysis SOMIA/USDT
Currently, SOMIA is trading at $1.03, showing consolidation after the recent upward momentum. The price is within a key range that will define the next trend.
š Key Levels
ā¢ Immediate support: $0.98 ā $1.00
ā¢ Major support: $0.92
ā¢ Immediate resistance: $1.08
ā¢ Major resistance: $1.15 ā $1.20
š Bullish Scenario:
If the price breaks with volume above $1.08, it could quickly target the $1.15 area, and exceeding that level could extend towards $1.20 ā $1.25. This would validate a continuation of the bullish trend.
š Bearish Scenario:
If it drops below $0.98, it would open the way towards $0.92, where the next liquidity zone is located. Losing that support would put the bullish structure at risk.
šÆ Trade Strategies
ā¢ Long: entry at $1.00 ā $1.03 with targets at $1.08 / $1.15 / $1.20 and stop below $0.97.
ā¢ Short: only if it breaks $0.98 with strength, target $0.92 and stop above $1.03.
ā” Buyer volume has shown reactivation, so as long as it stays above $1.00, the bias remains slightly bullish.
