ANALYTICAL SETUP
$SOMI
Contract: Perpetual
Current Price: $0.1129
Market: Moderately Bullish
Market Note: Lower-timeframe structure has turned bullish after the strong recovery from $0.1004, with price holding above key short-term EMAs and momentum remaining positive. However, price is now approaching a significant $0.1133–$0.1136 resistance cluster formed by the 1H EMA99, 1H Bollinger upper band, 4H EMA25 and recent 15M swing high. The 4H structure is still recovering rather than fully bullish, while short-term RSI is extended, creating pullback and false-breakout risk. A breakout above this resistance provides reasonable space toward $0.1152 and the 24H high at $0.1161. Confirmation and retest required before entering.
Direction: Long
Entry: $0.1137–$0.1139 after breakout and acceptance above $0.1136
TP: $0.1152 / $0.1161 / $0.1180
SL: $0.1118
Key Levels
Main Resistance: $0.1133–$0.1136
Main Support: $0.1106–$0.1108
Trade Here: $SOMI
Note: This setup reflects my personal observation based on available charts, technical indicators, and derivatives data. Market conditions can change rapidly, so outcomes may vary. Protect your capital, manage risk, trade with discipline, and DYOR.
$SOMI
Contract: Perpetual
Current Price: $0.1129
Market: Moderately Bullish
Market Note: Lower-timeframe structure has turned bullish after the strong recovery from $0.1004, with price holding above key short-term EMAs and momentum remaining positive. However, price is now approaching a significant $0.1133–$0.1136 resistance cluster formed by the 1H EMA99, 1H Bollinger upper band, 4H EMA25 and recent 15M swing high. The 4H structure is still recovering rather than fully bullish, while short-term RSI is extended, creating pullback and false-breakout risk. A breakout above this resistance provides reasonable space toward $0.1152 and the 24H high at $0.1161. Confirmation and retest required before entering.
Direction: Long
Entry: $0.1137–$0.1139 after breakout and acceptance above $0.1136
TP: $0.1152 / $0.1161 / $0.1180
SL: $0.1118
Key Levels
Main Resistance: $0.1133–$0.1136
Main Support: $0.1106–$0.1108
Trade Here: $SOMI
Note: This setup reflects my personal observation based on available charts, technical indicators, and derivatives data. Market conditions can change rapidly, so outcomes may vary. Protect your capital, manage risk, trade with discipline, and DYOR.
