$SOMI
$SOMI 8h Read: - Price is currently hovering near a critical support area and is close to the most recent low of the last swing; this is a classic spot for a liquidity hunt before a possible reversal.
- If price dips below 0.0984 and snaps back above 0.1004 with strong bullish confirmation, I expect a move first toward 0.1054, then possibly 0.1108, and if momentum is very strong, 0.1177 could be next.
- If the price cannot reclaim 0.1004 or closes below 0.0984 without any reversal signal, the bullish scenario is invalidated and further downside is likely.
- Watch for a sharp reversal setup — ideally, a wick below 0.0984 or a double bottom pattern, followed by a firm bullish candle.
- If you see a bullish engulfing, pin bar, or a clear momentum reversal on the lower timeframes after a sweep below 0.0984, that’s your green light for an entry.
- Remember, stop-loss should be placed just below the manipulation wick or the local swing low, never too tight.
- If price closes above 0.1054 with strength, bias can shift to targeting higher resistances.
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#SOMI
$SOMI 8h Read: - Price is currently hovering near a critical support area and is close to the most recent low of the last swing; this is a classic spot for a liquidity hunt before a possible reversal.
- If price dips below 0.0984 and snaps back above 0.1004 with strong bullish confirmation, I expect a move first toward 0.1054, then possibly 0.1108, and if momentum is very strong, 0.1177 could be next.
- If the price cannot reclaim 0.1004 or closes below 0.0984 without any reversal signal, the bullish scenario is invalidated and further downside is likely.
- Watch for a sharp reversal setup — ideally, a wick below 0.0984 or a double bottom pattern, followed by a firm bullish candle.
- If you see a bullish engulfing, pin bar, or a clear momentum reversal on the lower timeframes after a sweep below 0.0984, that’s your green light for an entry.
- Remember, stop-loss should be placed just below the manipulation wick or the local swing low, never too tight.
- If price closes above 0.1054 with strength, bias can shift to targeting higher resistances.
🚨 Free crypto trade signals, powered by AI.
Access Finora now → tinyurl.com/FinoraBot
#SOMI