๐ง $SOMI/USDT Deep Dive: Time for a lesson or a setup? Let's analyze.
๐ **Technical Picture (As of Now):**
โข **Price:** ~$0.3007 (+11.37% 24h). Strong daily momentum.
โข **Trend:** Bullish on Daily. Price above key EMAs (50, 200).
โข **Key Levels:**
S1: $0.2785 (EMA20/Recent base)
S2: $0.2618 (EMA50)
R1: $0.3235 (Local high)
R2: $0.3046 (Immediate hurdle)
โข **Indicators:** MACD bullish (DIF > DEA). RSI likely elevated after pumpโneeds checking. Volume high, confirming move.
โข **BTC Correlation:** If #Bitcoin holds above $66k, alts like $SOMI can run. If BTC drops, expect a pullback. **Always watch BTC.**
๐ฐ **Brief Context:** $SOMI (SOMINEMOBILE) is a Layer1/2 gaming/tokenization project. Recent "Gainer" status and high volume suggest strong narrative interest.
โ **Educational Trade Setup (IF seeking entry):**
**Confirms to look for:**
1. Successful retest of $0.2785 - $0.2850 as new support.
2. Bullish momentum continuation on 4H chart with volume.
3. 4H RSI cooling from overbought (>70) to a healthier level (~60).
**Potential Entry Zone:** $0.2850 - $0.2930 (after a pullback)
**Stop Loss (SL):** Below $0.2780 (Key support break)
**Take Profit:** TP1: $0.3235 | TP2: $0.3500
๐ **Verdict:** Not a chase. Current price is at resistance after a big green candle. **Wait & Watch** for a healthier pullback to the entry zone with the confirmations listed above. Patience here is key.
