🔥$SOMI Strongly Bullish but overbought, I'd prepare for Long on dip

• Pin bar rejection at $0.2919 resistance followed by consolidation above MA5.

• 1h candle that hit $0.2919 had enormous volume (141M vs avg 5-10M), indicating possible exhaustion.

Massive volume spike (645M) during the 46% rally confirms institutional participation. Recent 1h candles show volume declining during pullbacks – a bullish sign.

Entry long $SOMI :

• Ideal entry: 0.265-0.272 (MA5/BOLL mid-band confluence)

• Aggressive entry: Break above 0.2919 with volume confirmation

Stop Loss: 0.256-0.262 area, just below MA10

Target Levels $SOMI

Primary: 0.2994 (Resistance level)

Secondary: 0.3335 (Next resistance)

Support me just Click below to Trade 👇 Cheers

SOMIUSDT

Perp

0.3114

+10.19%

A break below MA10 (0.2471) would invalidate the bullish thesis. #somi #somiusdt #Somnia