The Price Discovery Trade Plan for $SOMI
The trend for $SOMI is parabolic. Chasing the top is extremely dangerous. The only safe way to enter now is to wait for a significant pullback to a new, confirmed support level.
$SOMI Signal: Long
Entry: A pullback and retest of the 0.5900 - 0.6000 support zone.
Stop Loss: 0.5400
Targets 🎯:
1: 0.7082 (retest of the new high)
2: 1.0000 (the next major psychological target for #SOMI )