$SOMI — Explosive Rally, Extreme Overbought!
Current price 0.3154 (+40.36%), approaching high 0.3282 with large volume 127.90M USDT. However, RSI(6) at 86.25 is already severely overbought — high correction risk in the near future.
SHORT SETUP (High Risk — Momentum Reversal)
🎯 Entry Zone (Short): 0.3220 – 0.3280
🛑 Stop Loss: 0.3350
✅ Take Profit 1: 0.2715
✅ Take Profit 2: 0.2202
✅ Take Profit 3: 0.1689
If the price fails to break through 0.3282 and shows rejection with decreasing volume, the target down to the area 0.2715–0.1689 is very likely.
However, if the rally continues and SL is hit, this scenario fails — size positions small and be mentally prepared!
Do not rush to enter long in the overbought zone — wait for a correction or confirmation of a breakdown first.