$SOMI /USDT short trade signal š š¦
BEARS READY TO DRAG PRICE LOWER šØ
SOMI is showing rejection near the 0.56ā0.58 resistance zone, where sellers are stepping in aggressively. After the sharp spike to 0.63 and quick rejection, momentum has shifted bearish. Price is now consolidating below a key resistance, signaling potential downside continuation if 0.55 fails to hold.
š Trade Setup (Short Signal):
Entry Zone: 0.5520 ā 0.5560
Take Profit 1: 0.5360
Take Profit 2: 0.5200
Take Profit 3: 0.5060
Stop Loss: 0.5810
š Market Outlook:
Momentum is leaning bearish after the failed breakout. If bulls cannot reclaim 0.58 resistance, sellers may dominate and drive SOMI back toward 0.50 support. Watch closely for volume confirmation ā continuation below 0.54 will validate the short setup.
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