$SOMI
The price in a strong buying area is above all moving averages, and the indicators support a continued rise.
Current phase: Accumulation with buying pressure, but momentum indicators indicate overbought conditions, so a slight corrective drop may occur before resuming the ascent.
🟢 Entry target:
0.2400 - 0.2430
🎯 Exit targets:
1. 0.2489
2. 0.2495
3. 0.2520
⛔ Stop loss: 0.2297
· Moving averages (EMA): All below the price → Buying strength.
· Relative Strength Index (RSI): Above 70 → Overbought (beware of correction).
· Volume (Vol): Below average → Watch for an increase in momentum.
· On-Balance Volume (OBV): Positive → Support for the upward trend.
· Stochastic Oscillator (Stochastic RSI): At 100 → Overbought.
· Moving Average Convergence Divergence (MACD): Positive → Continued ascent is likely.