$SOMI nudged long positions out, liquidating $1.9396K at $0.19755.
It’s one of those small but noticeable moves like catching your foot on a loose tile and quickly regaining balance. Traders holding longs got clipped, showing how even modest swings can ripple through leveraged positions.
Long liquidations like this aren’t always a signal of a trend reversal; they often highlight where crowded bets meet pressure and patience is tested. The market quietly nudges participants to stay aware.
Did anyone else notice how quickly this one played out?
SOMI
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