$SOMI /USDT BEARISH RETEST SETUP ON 15M CHART
Pair: $SOMI /USDT
Timeframe: 15M
📌 Introduction:
SOMI has pulled back sharply from its 1.5675 high, now trading below MA(7) and MA(25), signaling short-term weakness. Despite strong volume, the price action suggests a bearish retest of lower support zones.
🎯 Trade Setup:
- Entry: 1.349
- TP1: 1.325
- TP2: 1.300
- TP3: 1.267
- SL: 1.393
📊 Outlook:
Bearish pressure is building as price fails to reclaim MA(25). A breakdown below 1.325 could accelerate toward MA(99). Watch for rejection candles and volume spikes near resistance to confirm downside continuation.
Risk Management:
Use strict SL and avoid overexposure. Adjust position size based on volatility and exit partially at each TP.
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