🔥$SOMI Bullish, Long with pullback entry
• Higher low structure remains intact with immediate support at 0.2615 (MA5)
• Recent rejection at resistance 0.2867 with formation of pin bar at 0.2806
• Volume profile shows diminishing volume during pullbacks – characteristic of bullish trends
• Recent 1h candles show declining volume during consolidation (latest candle volume: 3.22M vs previous 25.87M), suggesting potential momentum pause.
Entry Long $SOMI : 0.2615-0.2640 (MA5 confluence, 38.2% retracement of last impulse)
Stop Loss: 0.2530 (below recent swing low and MA10)
Take Profit $SOMI : 0.2867-0.3081
Support me just Click below to Trade 👇 Cheers.
Break below 0.2530 would invalidate the bullish structure and suggest deeper correction toward lower support at 0.2377 #somi #somiusdt #somnia