Bullish Setup for $SOMI **
🚨 Watch out for a potential breakout! 💥
We're eyeing a long trade on 🟢 $SOMI.
**Entry Zone**: 0.271 - 0.277
🎯 **Target Prices**:
TP1: 0.286
TP2: 0.294
TP3: 0.302
**Stop Loss**: 0.267
$SOMIUSDT Technical Analysis:
On the H4 chart, $SOMI is forming a strong consolidation above EMA(25) ($0.273), following a robust recovery.
The RSI is hovering around 50, indicating a balanced market with momentum building up for the next leg up.
The price structure at the 0.27x zone is a positive signal for buyers to push the price towards retesting previous highs.
**Stop Loss Rationale**:
The 0.267 level sits just below the key EMA(25) and EMA(50) support cluster.
Closing below this area would invalidate the short-term bullish trend, so be cautious with your entry! ⚠️
$JUV
, $SOMI .
