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Sabine Forgione rKFw
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$SOMI
everyone sold at 0.29 zone will regret it because somi pump in the early hours of the morning like the past four days is inevitable
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SOMI
0.266
-11.12%
72
0
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Sabine Forgione rKFw
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$SOMI Short traders closing their positions at 0.26, despite having targets to 0.25, suggests very strong support at this level that forced them to leave early out of fear. Price is likely to rebound from here.
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$SOMI selling at loss is very a dumb thing - because 0.26 is the demand zone and price will bounce from there
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$SOMI sol : all time low in 8 months recorded today Somnia Somi -15% Sui -6% One of the toughest days for ALT layer 1 However, Such days are part of the cycle, not the conclusion. Pressure phases are temporary; markets will recover soon
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$SOMI many short traders opend positions at 0.26 - Quick moves now toward 0.270, 0.280, or 0.290 will make the squeeze - the liquidation will give very good bounce
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$SOMI That’s what I was caution about and because i have a long position I didn’t sleep to watch : if the asian markets open and saw somi dipping they might give it more dips - we should have kept it in 0.295 to avoid that and they would have pump it instead but we didn’t However, nothing to panic about - i think we are good now and completely oversold and a rebound is expected Today somnia event on the major asian exchange will also cool things down They also give people there very high yields to stack somi like 100% and when people start to see the price stabilize they will stack So things will get better from here
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