Volatility: Given the 24h range ($0.1703 to $0.2572), SOMI is highly volatile. If you are using leverage, a small move against you can result in a fast liquidation.
Stop Loss: A common placement would be just below the $0.1900 mark or the MA(25) at $0.1705, depending on your risk tolerance.
Profit Taking: The chart shows a historical high around $0.4235. However, expect significant resistance near the psychological $0.3000 level.
$SOMI
Stop Loss: A common placement would be just below the $0.1900 mark or the MA(25) at $0.1705, depending on your risk tolerance.
Profit Taking: The chart shows a historical high around $0.4235. However, expect significant resistance near the psychological $0.3000 level.
$SOMI
