🚀 $SOMI /USDT: Macro Reversal Retest Holding Strong! 🔥
The weekly chart for SOMI (SOMI/TetherUS Perpetual Contract) exhibits an extremely precise technical turnaround. After establishing a rock-solid structural bottom around $0.0816 earlier this year, the price initiated an aggressive recovery wave and is now executing a textbook corrective retest to validate its major structural breakout!
📊 Key Technical Levels:
• Current Situation: Testing horizontal support near the 1.0 Fibonacci line ($0.1795).
• Immediate Objective: $0.2401 (1.618 Fibonacci level).
• Main Objective: $0.3382 (2.618 Fib extension highlighted by the bullish recovery arrow).
• Macro Moon Target: $0.4363+ (3.618 Fib extension level).
• Invalidation Floor: A weekly close back below $0.1200 invalidates this macro bullish layout.
💡 Smart Strategy: Accumulate structural spot positions within this deep weekly support pocket before the next vertical expansion wave triggers.
#SOMI #crypto #altcoins #TechnicalAnalysis
The weekly chart for SOMI (SOMI/TetherUS Perpetual Contract) exhibits an extremely precise technical turnaround. After establishing a rock-solid structural bottom around $0.0816 earlier this year, the price initiated an aggressive recovery wave and is now executing a textbook corrective retest to validate its major structural breakout!
📊 Key Technical Levels:
• Current Situation: Testing horizontal support near the 1.0 Fibonacci line ($0.1795).
• Immediate Objective: $0.2401 (1.618 Fibonacci level).
• Main Objective: $0.3382 (2.618 Fib extension highlighted by the bullish recovery arrow).
• Macro Moon Target: $0.4363+ (3.618 Fib extension level).
• Invalidation Floor: A weekly close back below $0.1200 invalidates this macro bullish layout.
💡 Smart Strategy: Accumulate structural spot positions within this deep weekly support pocket before the next vertical expansion wave triggers.
#SOMI #crypto #altcoins #TechnicalAnalysis