🐻
$SOMI Moving Sideways — Bearish Pressure Building
The latest daily candle closed at 0.2437 on low volume (~16M) 📉 — buyers aren’t showing real conviction yet.
Earlier, we saw distribution (price dropping on solid volume), followed by low-volume chop 😴.
24h volume is around 28M, but it’s still not enough to signal a fresh trend.
🚨 Major warning sign: Capital is flowing OUT fast
Spot + contracts show net outflows from 5m all the way to 7D 🔴
24h contracts: -410k
7D contracts: -3.17M 😬
Money leaving the market usually means downward pressure is building.
🧠 My view: Cautiously bearish — waiting for confirmation 👀
🔻 Best short setup:
Short trigger if price breaks & closes below 0.2402 (24h low) with volume
Stop-loss: ~0.2490 (ATR is low ~0.027, so give it some breathing room)
🎯 Downside targets:
TP1: 0.2279
TP2: 0.2121 if momentum continues
🔄 Bullish invalidation (less likely for now):
A strong push above 0.2661 with high volume + positive flows could flip the bias
In that case, upside opens toward 0.2885 🚀
For now, bears have the edge 🐻 — patience and confirmation are key.
#CryptoTrading #Altcoins #BearishMarket #ShortSetup #MarketAnalysis