šŸ”Ž $SOMI – 15m Outlook: Sharp Pullback, Testing Support Again

šŸ”¹ Trading Plan (LONG)

• Entry: 0.2550 – 0.2570

• TP1 & TP2: 0.2650 – 0.2690

• SL: 0.2470

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SOMI is pulling back sharply but RSI is oversold on the fast frame — buyers may attempt a short-term bounce.

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Key Levels & Indicators

• Support: 0.2550 zone — aligns with demand cluster and wick recovery areas.

• Resistance: 0.2650–0.2690 — nearest reaction ceiling after the pullback.

• MA Structure: Price dipped back under MA7/25 but still sits close to MA99, keeping a bounce scenario valid.

• RSI: RSI6 at 29 signals overstretched selling; RSI12/24 stabilizing.

• MACD: Histogram fading into shallow red → selling pressure weakening.

Outlook

The structure is weak but not broken. SOMI is testing support with oversold momentum — offering a potential short bounce, but invalidation is clear if price loses 0.2470.

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