$SOMI /USDT – Bullish breakout, but facing immediate rejection
SOMI has risen significantly from the accumulation zone of $0.23–$0.24 and broke above $0.28, but the breakout faced strong selling pressure, forming a sharp rejection. The price is now stabilizing around $0.26, indicating 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 forecast
The market structure remains bullish, but the rejection at $0.30 indicates that buyers are temporarily losing momentum. If SOMI fails to hold above $0.255, the price may return to $0.240–$0.245 before another bullish attempt. A breakout and close above $0.30 will open up the possibility for a continuation to higher levels.$SOMI
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