📉 $SOMI /USDT — Short Setup Activated
A short position is planned as price shows signs of exhaustion near the highs. The recent candle printed a long upper wick, clearly signaling rejection and active selling pressure at elevated levels.
🟥 Trade Plan (SHORT)
• Limit Entry: 0.275
• Stop Loss: 0.290
• Take Profit Zones:
🎯 TP1: 0.253
🎯 TP2: 0.244
🎯 TP3: 0.220
🔍 Market Context
Small-cap tokens often react sharply when sentiment shifts. With limited fundamental backing and visible distribution at the top, downside risk is increasing. Current structure favors a corrective move rather than continuation.
📌 Outcome will depend on follow-through after rejection — execution will tell the story.
Trade with discipline. Manage risk strictly.
#SOMI #CryptoTrading #PriceAction #ShortSetup #RiskManagement
