š $SOMI / USDT ā LONG TRADE SIGNAL š¢
š„ Market Overview:
$SOMI is currently trading near a strong demand zone around $0.480, where price has repeatedly shown buyer interest. The setup indicates a potential range-bottom rebound, with bullish momentum expected toward the upper resistance levels near $0.520+.
š Trade Setup:
š Entry Zone: $0.480 ā $0.486
šÆ TP1: $0.505
šÆ TP2: $0.5208
š Stop Loss: $0.4619
š” Market Outlook:
Trend: Range-bound with bullish bias from support
Structure: Multiple tests of support suggest potential breakout attempt
Support Zone: $0.475 ā $0.485
Resistance Zone: $0.505 ā $0.5208
Momentum: Neutral to bullish, awaiting confirmation of bounce from support
ā” Strategy & Risk Management:
Leverage: 3ā5x (Moderate risk setup)
Risk/Reward Ratio: ā 2.5:1
š Plan:
⢠Enter within $0.480ā$0.486 zone
⢠Take partial profit at TP1 ($0.505)
⢠Move Stop Loss to Entry after TP1 hit
⢠Let remaining position run to TP2 ($0.5208)
ā Summary:
Setup Type: Range Support Rebound
Bias: LONG
Targets: $0.505 ā $0.5208
Market Sentiment: Bullish Reversal Potential