$SOMI looking heavy after that vertical push — momentum fading right at the highs 📉
Sellers are starting to step in, and each attempt to push higher is getting weaker. That kind of price action often signals distribution, not continuation.
Trade Plan (SHORT):
Entry: 0.230 – 0.240
Stop Loss: 0.255
Targets:
TP1: 0.210
TP2: 0.195
TP3: 0.180
If price fails to reclaim the highs and keeps printing weak bounces, this can unwind fast. Late longs could get trapped here.
Wait for confirmation inside the zone — don’t chase.
Clean rejection = trigger. $SOMI
Sellers are starting to step in, and each attempt to push higher is getting weaker. That kind of price action often signals distribution, not continuation.
Trade Plan (SHORT):
Entry: 0.230 – 0.240
Stop Loss: 0.255
Targets:
TP1: 0.210
TP2: 0.195
TP3: 0.180
If price fails to reclaim the highs and keeps printing weak bounces, this can unwind fast. Late longs could get trapped here.
Wait for confirmation inside the zone — don’t chase.
Clean rejection = trigger. $SOMI