$SOMI /USDT – Bullish Breakout but Facing Immediate Rejection
SOMI rallied strongly from the $0.23–$0.24 accumulation zone and broke above $0.28, but the breakout was met with heavy selling pressure, forming a sharp rejection wick. Price is now stabilizing around $0.26, suggesting a retest phase before the next move.
Trade Setup (Long Position)
Entry Range: 0.2550 – 0.2650
Target 1: 0.2800
Target 2: 0.2950
Target 3: 0.3050
Stop Loss (SL): 0.2450
Short Outlook
Market structure remains bullish, but the rejection from $0.30 indicates buyers are losing momentum temporarily. If SOMI fails to hold above $0.255, price may revisit $0.240–$0.245 before another bullish attempt. A breakout and close above $0.30 would unlock continuation toward higher levels.
