$SOMI is slipping back into bearish territory — and the chart is telling a clear story. 📉
Price is sitting at 0.2583 USDT (+4.45%), but don’t let the green fool you. SOMI just lost EMA7 (0.2600) and EMA25 (0.2578) after getting smacked down from 0.3043, confirming fading momentum. Unless bulls step in quickly, EMA99 at 0.2433 is the next magnet.
The structure?
Lower highs → weakening trend → short setups favored.
SHORT $SOMI — Retest Play
Entry: 0.2620 – 0.2660
TP1: 0.2520
TP2: 0.2450
TP3: 0.2350
SL: 0.2725
SOMI needs to reclaim those EMAs fast, or bears will keep pressing this downtrend. Smart money is watching the lower-high structure — as long as it holds, downside continuation is the higher-probability play.
