I am analyzing $SOMI for everyone, those who are trapped or want to chase, take a look
This coin has dropped nearly 80 points from its highest point, but it has risen 350 points from its lowest point, which is why the profit from shorting is not high and only lasts briefly; it can easily blow up your position
I also talked about the SOMI coin yesterday, it has dropped so much that the probability of a rebound from the bottom will be very high, the funds below have basically sold off, and the operators will start using reserve funds to support the market; otherwise, this coin will be warned shortly after it is launched. I estimate that this wave of selling has hurt retail investors and large holders the most, but I can't be sure how many people are chasing in the middle; everyone thinks it has dropped enough and just jumps in. When you are thinking about looking at 0.5 from below one, it won't feel very low, and you can't imagine the cost for institutions. The opening price of their contract is 1.332, and the institution's cost is at least 0.13. Just think, no matter how much it drops, it can still harvest you
So why did I close my position yesterday? I will explain to you. You can see from the one-hour chart that funds have started to support the market; this point is best to close the position first. Continuing to hold your position has a higher risk than reward, so avoid touching this bad luck!
The best high point for this kind of token is to short, and it will show a pinning phenomenon; wait for stability before entering!
