$SOMI
/USDT โ STRONG DOWNTREND PRESSURE, CRITICAL SUPPORT TESTING ๐ป
SOMI is trading at $0.7611 (-11.54%), losing momentum after rejecting the $0.8632 high and now hovering just above the $0.7602 low. Heavy sell pressure is evident as Layer-1 tokens cool off.
๐ Key Levels:
Resistance: $0.7917 โ $0.8030 โ $0.8143
Support: $0.7691 โ $0.7610 โ $0.7602
โก Next Move:
Bullish case: If SOMI holds above $0.7610โ$0.7602, a short-term rebound toward $0.7917 / $0.8030 is possible.
Bearish case: A breakdown under $0.7602 could extend the decline toward $0.7400โ$0.7200.
๐ฏ Trading Plan:
Long Entry: Only if price reclaims $0.7917 with SL $0.7600, TP $0.8030 / $0.8143.
Short Entry: Below $0.7600 with SL $0.7800, TP $0.7400 / $0.7200.
โ ๏ธ Risk Management: Volatility is rising โ avoid over-leverage, use tight stops, and risk โค2% per trade.