$SOMI corrected into a strong demand zone around the 0.28 area, where selling pressure clearly weakened and buyers stepped back in with intent. The sharp reaction from the lows and the reclaim of the mid-range confirms this was accumulation, not distribution. With higher lows holding and momentum rebuilding, the bullish continuation scenario stays firmly in play.

As long as $SOMI holds above the recent demand zone, the path of least resistance remains to the upside.

Trade Setup (Long):

Entry Range: 0.288 – 0.296

Target 1: 0.310

Target 2: 0.325

Target 3: 0.350

Stop Loss (SL): 0.273