$SOMI USDT BEARISH BREAKDOWN FROM SYMMETRICAL TRIANGLE — SHORT SETUP IN PLAY
After a sharp impulse move, $SOMIUSDT has entered a consolidation phase forming a textbook symmetrical triangle on the 1D chart. This pattern typically signals continuation, and with recent bearish momentum and rejection near the triangle’s upper boundary, the bias leans toward a downside breakout.
Volume has contracted during consolidation, aligning with classic triangle behavior. The recent candle shows a failed bullish attempt and a close below the horizontal support near 1.2326, suggesting sellers are gaining control. RSI is tilting downward from mid-range, and MACD shows weakening bullish crossover—both indicators reinforcing bearish sentiment.
If price breaks below the triangle base with confirmation, a short entry becomes viable.
SHORT ENTRY: Below 1.2200
TP1: 1.1850 — previous swing low
TP2: 1.1500 — measured move from triangle height
TP3: 1.1000 — psychological round level and historical support
SL: 1.2450 — above triangle resistance and invalidation zone
Risk Management: Use 1–2% of account per trade. Avoid overleveraging. Reassess if price re-enters triangle zone.
