$SOMI trade setup 🔥🔥
*Entry Price:* 0.2760 (just above the recent breakout level)
*Stoploss:* 0.2720 (below the nearest support / recent swing low)
*TARGET1:* 0.2850
*TARGET2:* 0.2900
*TARGET3:* 0.2950
*Reason for the Trade:*
The $SOMI /USDT chart shows a strong upward price movement with a clear breakout above the previous high (≈0.2540) into a fresh demand zone. The candlestick pattern exhibits a sharp bullish impulse with increasing volume, indicating institutional buying (SMC – buy-side liquidity grab). The price has formed a higher high and higher low structure, confirming an intraday bullish trend. The RSI (6, 14, 24) is in the 80+ range, signalling strong momentum but not yet overextended for a short‑term pullback. The moving averages (MA5 & MA10) are sloping up, supporting the bullish bias. The trade targets the next resistance levels visible on the chart while placing the stop below the recent consolidation low to protect against a sudden reversal.