$SOMI /USDT BULLISH BREAKOUT SETUP 🔥
Current Price: $0.1938 (+0.52%)
Price recently expanded to $0.2024 and pulled back toward demand near $0.1900–0.1910. Buyers stepped in quickly, showing defense of the lower range.
Market Structure:
Range formed between 0.1885 support and 0.2024 resistance. After rejection from highs, price tapped liquidity below 0.191 and bounced. If bulls reclaim 0.198–0.200 zone, breakout continuation becomes highly probable.
🎯 LONG Trade Setup:
Entry Zone: 0.1920 – 0.1950 (buying above defended support)
📌 Targets:
TP1: 0.1985
TP2: 0.2024 (range high)
TP3: 0.2100
TP4: 0.2180 (expansion move)
🛑 Stop Loss:
0.1880 (below range support & structure invalidation)
Key Levels:
Immediate Support: 0.1900
Major Support: 0.1885
Resistance Flip: 0.1985
Breakout Confirmation: Strong close above 0.2024
Market Sentiment:
Sellers pushed price down but lacked follow-through below 0.190. Quick rebound suggests accumulation. Volume rising on recovery candles signals renewed buyer interest. Holding above 0.190 keeps bullish bias intact. A decisive break above 0.2024 opens room for upside acceleration.
Structure stabilizing. Momentum rebuilding. Controlled risk favors breakout continuation.
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