#CryptoTrading. #technicalanalyst #Signal🚥. 📊 Technical analysis
$SOMI /USDT — 15min/1h timeframe
Current price ≈ 0.3138 USDT
+40.24% strong pump from ~0.2147–0.25 lows, explosive breakout, now pulling back after hitting ~0.3399–0.340 high.
Price action & Bollinger Bands:
Price near upper BB (UP ~0.3475, MB ~0.2964 support, DN ~0.2454). Bands strongly expanded on volatility spike, price hugging upper band with red candles — classic overextension, short-term pullback/consolidation likely.
Volumes:
Current ~18.1M, MA(5) ~48M, MA(10) ~70.3M — massive surge on pump candles, still decent but watch fade on red.
Key indicators:
• MACD: Positive but weakening (DIF 0.0182, DEA 0.0194, MACD -0.0011), histogram shrinking — momentum cooling.
• RSI(6/12/24): 59.66 / 63.98 / 63.78 — neutral-high, early exhaustion after sharp rise.
Impulsive rally with volume, but cooling MACD + upper BB suggest short-term correction.
🟢 Long (high risk)
Entry: 0.305–0.313 (dip to MB or current)
TP1: 0.330–0.340
TP2: 0.350+
SL: 0.295–0.300
R/R: ~1:3+
Comment: Strong if holds MB (~0.296) + volume on green. Continuation likely.
🔴 Short (moderate-high risk)
Entry: 0.318–0.325 (fade upper BB)
TP1: 0.305–0.300
TP2: 0.290–0.280
SL: 0.335+
R/R: ~1:3+
Comment: Only on rejection + volume fade + MACD cross down. Risky in pump.
⚠️ Most likely scenario now
Short-term pullback/consolidation to MB (~0.296) or 0.30 due to overextension + cooling momentum. Then likely continuation higher to 0.35+ if volume sustains and holds support. Longs have edge in bullish structure; shorts only on clear exhaustion. High vol — tight risk, monitor volume/MACD/RSI closely.