š“$SOMI
BEARISH TECHNICAL ANALYSIS
The chart is showing a clear bearish shift after price failed to sustain its move above the mid-range zone. Strong rejection from the upper resistance region signals fading bullish strength, while sellers are beginning to take control. The formation of a lower high and increasing downside pressure indicate the market may enter a corrective phase.
Bearish Highlights:
ā¢ Sharp rejection from 0.2810 resistance zone
ā¢ Lower-high formation confirming bearish pressure
ā¢ Momentum weakening after the strong pump
ā¢ Price sliding back into the mid-range, signaling a possible deeper correction
POTENTIAL TARGETS (TP):
ā¢ TP1: 0.2400 zone
ā¢ TP2: 0.2200 zone
ā¢ TP3: 0.2000 major support
STOP LOSS (SL):
ā¢ Above the recent lower high / resistance zone
RISK MANAGEMENT:
Risk only 1ā2% per trade, maintain tight stops, and avoid oversized positions during volatility.
