$SOMI /USDT LONG TRADE SETUP
$SOMI is trading at 0.3222, displaying explosive bullish momentum with a +43.20% surge. After bouncing strongly from the 0.2147 support level and breaking through resistance, the price has reached the 0.3280 high with a powerful move. The 1-hour chart shows a parabolic rally with strong volume confirmation.
Target Points
TP1: 0.3400
TP2: 0.3650
TP3: 0.4000
Stop Loss
Set stop loss below 0.2950 to limit downside risk.
Technical Overview
24h High: 0.3280
24h Low: 0.2147
RSI(6): 92.53 (extreme overbought)
Strong volume: 439.65M SOMI / 117.46M USDT
⚠️ Trading Caution: RSI is at extreme overbought levels above 92, indicating the rally is significantly overextended. While momentum is strong, the risk of a sharp pullback is very high. Consider taking partial profits immediately and use tight stop losses.
This setup is for aggressive traders only. The parabolic move suggests high volatility ahead.
Buy and Trade here on $SOMI
#BinanceSquare #CryptoTrading #SOMIUSDT #Signals #BinanceAlphaAlert