Step back and continue to go long 1.6 has already released 50% 1.5 low entry 1.4 add again stop loss 1.3 light position

$SOMI 📊 Price & Change
• Latest Price: 1.482 USDT
• 24h Change: +64.67%
• 24h High: 1.684
• 24h Low: 0.748
👉 This indicates that after it was newly listed, it quickly surged from a low of 0.748 to nearly 1.7, and is now retreating around 1.48.

📈 Technical Analysis
• Moving Averages (MA):
• MA7 = 1.468
• MA25 = 1.446
• MA99 = 1.430
👉 The short, medium, and long-term moving averages are currently in a bullish arrangement, indicating short-term support.
• MACD:
• DIF = 0.012
• DEA = 0.010
• MACD = 0.003 (slightly golden cross)
👉 Momentum is strengthening, but trading volume is still decreasing.

💡 Key Observations
1. Newly listed coins have high volatility, with an intraday range of 0.748 ~ 1.684, close to 125%; the risk of short-term trading is extremely high.
2. The current price is close to the short-term moving average support (around 1.46). If it can hold, there is a possibility of another rally; if it breaks, it may retest the 1.30 range.
3. Volume: Initially surged upon listing, then decreased in consolidation, indicating that large funds may have entered the market. Next, we need to see if there is continued volume to push higher.
4. Psychological Barrier: 1.50 is an important resistance level. If it can break through and hold, it may challenge 1.70; otherwise, it may retreat to 1.30.

⸻

⚠️ Suggestions:
• Newly listed coins are suitable for short-term rapid in-and-out trading, as both surges and corrections are very intense.
• If you want to position yourself, it is advisable to do so in batches and set a stop-loss, probably below 1.30; short-term take profit can be set around 1.68.