$SOMI /USDT BEARISH PRESSURE LOOMING – SELLERS EYE DEEPER PULLBACK
$SOMI is losing bullish momentum after rejection from the recent high near $1.2596, showing clear selling pressure around resistance. Price is struggling to hold above $1.20, signaling the potential for a deeper retracement if buyers fail to defend this key support.
🔹 Trade Setup
Entry Zone: $1.2050 – $1.2150
Take Profit 1: $1.1850
Take Profit 2: $1.1600
Stop Loss: $1.2450
📊 Market Outlook
Momentum is shifting bearish as volume builds on pullbacks. The trend remains fragile with critical support at $1.18—a break below could accelerate downside toward $1.14. Bulls need a strong reclaim above $1.23 to invalidate bearish pressure.
buy and trade here on $SOMI