In trading, history often leaves clues. $SOMI is flashing one of those patterns right now that seasoned traders recognize immediately: a downtrend breakout, followed by steady consolidation above support.
The last time $SOMI showed this exact setup, it didn’t just move it surged. What we’re seeing now looks like a textbook repeat.
Key Observations:
Breakout Confirmed: The downtrend line has already been broken, signaling the end of selling pressure.
Strong Consolidation: Price is moving sideways just above a major support level, a classic sign of accumulation rather than weakness.
Smart Money at Work: Quiet periods in the market often indicate that big players are loading up before the next leg higher.
Clear Target: The path back to the previous high near $1.90 is open. From current levels, that’s a +30% upside potential.
Why This Matters
Sideways action may look boring to impatient traders, but in reality, it’s the market compressing like a spring. When it releases, the move can be fast and powerful.
is currently under the radar, but setups like this don’t stay unnoticed forever. Once momentum kicks in, latecomers will chase.
Final Take
Right now, $SOMI is quiet but loaded with potential. The breakout has happened, the consolidation is healthy, and the risk/reward is in favor of early movers.
Don’t let this be one of those trades you look back on and say I saw it coming, but I didn’t take it
