$SOMI
SOMI Coin – Short-Term Chart View (My Take)
Been watching SOMI closely on the 4H timeframe, and price action is starting to look interesting.
After a decent pullback, SOMI is showing signs of consolidation near a support zone. Volume is slowly picking up, which usually means buyers are stepping in quietly. If this support holds, we could see a short-term bounce.
What I’m noticing on the chart:
• Price respecting a key support area
• Higher lows forming (early bullish structure)
• RSI moving up from lower levels (momentum building)
How I would trade it (spot idea):
• Entry: Near support zone (after confirmation)
• Target 1: Previous resistance
• Target 2: If volume expands, partial hold for higher move
• Stop-loss: Just below support (risk management is key)
This is more of a low-risk spot setup, not a rush trade. Patience matters here. I’ll only enter if the candle closes strong and volume confirms.
As always, don’t FOMO and manage your risk properly. Market can move both ways.
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