🔻 $SOMI — Blow-Off Rally Risk | Pullback Setup

$SOMI has gone parabolic in a very short time, and the current structure shows signs of exhaustion rather than healthy continuation. The move appears driven by speculation and leverage, not sustained spot demand, which increases the probability of a sharp retracement.

After a +68% move in 24 hours and nearly +90% from the weekly low, price is now extended. Notably, 24h volume ($632M) far exceeds the market cap ($77M) — a classic signal of fast-money participation and late-entry risk.

When momentum stalls in these conditions, profit-taking often accelerates quickly.

📉 Trade Idea (Short):

Entry Zone: 0.34 – 0.345

Stop Loss: 0.365

🎯 Downside Targets:

TP1: 0.30

TP2: 0.25

TP3: 0.20

🧠 Market Logic:

If price fails to hold above 0.35, the upside momentum weakens and opens the door for a rapid unwind toward lower liquidity zones. These moves tend to be fast and emotional as late buyers rush to exit.

High volatility expected — manage risk strictly and avoid oversized positions