$SOMI The price is currently around 0.265 dollars. It has risen by 15.64% since December 10, but there are signs of a pullback starting tonight.

Yesterday at 6 PM, the technical indicators looked quite good. The price crossed above the MA20, the MACD had a golden cross, and the Bollinger Bands' middle line also broke through. However, it changed after 9 PM, with the EMA10 crossing below the EMA20 creating a death cross, and the MACD also had a death cross below the zero line.

There is basically no support in terms of trading volume. The current trading volume is in the bottom 25% of the last 10 cycles, which is extremely low. There is also no large transaction data, indicating poor market participation.

The chip distribution is sparse, theoretically making it easier to break through. However, there is clear resistance near the MA50 and MA20, and the KDJ indicator is also diverging, with the downtrend strengthening.

The candlestick patterns are showing a pregnant line and a doji star, indicating indecision in the market. A reversal may be imminent.

In fact, the price is still above the EMA120, and the medium to long-term trend has not been completely damaged. However, there are too many bearish signals in the short term, and it is estimated that it will need to adjust for a while.

For short-term trading, it is suggested to observe whether the trading volume can expand, and if the Bollinger Bands' middle line can stabilize again. For medium to long-term, it can be held, but position sizing should be controlled.