🔥$SOMI Strongly Bullish but overbought, I'd prepare for Long on dip
• Pin bar rejection at $0.2919 resistance followed by consolidation above MA5. • 1h candle that hit $0.2919 had enormous volume (141M vs avg 5-10M), indicating possible exhaustion.
Massive volume spike (645M) during the 46% rally confirms institutional participation. Recent 1h candles show volume declining during pullbacks – a bullish sign.
Entry long $SOMI : • Ideal entry: 0.265-0.272 (MA5/BOLL mid-band confluence) • Aggressive entry: Break above 0.2919 with volume confirmation
Support me just Click below to Trade 👇 Cheers {future}(SOMIUSDT) A break below MA10 (0.2471) would invalidate the bullish thesis. #somi #somiusdt #Somnia
Ansvarsfraskrivelse: Indeholder holdninger fra tredjepart. Ikke økonomisk rådgivning. Kan indeholde sponsoreret indhold.Se vilkår og betingelser.
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