🔥$SOMI Bullish (Corrective Pullback within Uptrend)
• K-line shows classic breakout pattern from consolidation 0.18-0.20 range with explosive volume.
• Current formation resembles bull flag with resistance near 0.416. The pin bar rejection at 0.414 suggests temporary exhaustion but not trend reversal.
• Recent candles show declining volume during pullback typical bull flag formation.
• Contract flows mixed with recent 30m outflow (-1.21M) but 4H inflow (+4.04M) suggesting overall bullish positioning
Entry long $SOMI : pullback to 0.318-0.325 (MA5 confluence zone)
• Secondary: Breakout above 0.365 with volume confirmation
Stop Loss: 3.5% from entry price (considering high volatility)
Target Levels $SOMI
• TP1: 0.415
• TP2: 0.475
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SOMIUSDT
Perp
0.2543
-19.21%