$SOMI Long Liquidation: $4.7883K at $0.24268
Long traders were caught as SOMI failed to hold its short-term support and reversed sharply downward. Buyers expected continuation, but strong selling pressure entered the market, triggering stop losses and forcing a clean liquidation below the range. Liquidity was taken efficiently, showing sellers took control.
Entry (EP): $0.24600
Take Profit (TP): $0.23200
Stop Loss (SL): $0.25100
Market Outlook:
$SOMI is under short-term bearish pressure after losing the liquidation level. If price remains below this zone, further downside or choppy consolidation is likely. Bulls will need a strong reclaim with volume to regain momentum. Trade patiently and manage risk with strict discipline.
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