đ $SOMI is showing a potential technical setup!
The weekly chart displays a strong bullish impulse following a prolonged accumulation phase, forming a potential macro reversal structure.
đ The Technical Setup:
âą The Pattern: Rounded bottom reversal with Fibonacci extension targets
âą Short-term Target: 0.3382
âą Macro Objective: 0.5344
âą Market Structure: Reversal
đŻ Key Levels to Watch:
âą Support / Accumulation Zone: 0.2015 - 0.2141
âą Resistance: 0.2401
âą Breakout Level: 0.2401
âą Stop Loss / Invalidation: 0.1709
đ Confirmation:
âą Volume: Neutral/standard volume
âą Momentum: Strong consecutive weekly bullish candles
âą Trend: Reversal from macro downtrend
â ïž Invalidation:
A sustained weekly close below 0.1709 invalidates the setup.
Keep a close eye on key resistance levels for a confirmed breakout.
đ Creator: NOUMAN_DON (@NOUMAN_DON)
#SOMI #crypto #BinanceSquare #Binance #BTC
The weekly chart displays a strong bullish impulse following a prolonged accumulation phase, forming a potential macro reversal structure.
đ The Technical Setup:
âą The Pattern: Rounded bottom reversal with Fibonacci extension targets
âą Short-term Target: 0.3382
âą Macro Objective: 0.5344
âą Market Structure: Reversal
đŻ Key Levels to Watch:
âą Support / Accumulation Zone: 0.2015 - 0.2141
âą Resistance: 0.2401
âą Breakout Level: 0.2401
âą Stop Loss / Invalidation: 0.1709
đ Confirmation:
âą Volume: Neutral/standard volume
âą Momentum: Strong consecutive weekly bullish candles
âą Trend: Reversal from macro downtrend
â ïž Invalidation:
A sustained weekly close below 0.1709 invalidates the setup.
Keep a close eye on key resistance levels for a confirmed breakout.
đ Creator: NOUMAN_DON (@NOUMAN_DON)
#SOMI #crypto #BinanceSquare #Binance #BTC
