🎭 SOMI — Bargain Zone or Bearish Trap?
SOMI/USDT is trading at $0.704, sliding near its lower Bollinger Band. Charts are screaming weakness, but a TD Sequential “2 Up” hints the bulls may try to fight back.
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📊 Quick Scan
RSI (41.96): Neutral-bearish.
MFI (42.68): Weak inflows.
CCI (-97.84): Oversold pressure.
BBands: Near lower band ⚠ → price stretched.
ATR (0.0169): High volatility → choppy moves.
SMA(50): Price below 🔴 → bearish bias.
MOM(10): Negative 🔴 → weak momentum.
MACD: Bearish crossover 🔴 → sellers in control.
ADX: Weak bearish trend 🔴 → bears in charge but tired.
Parabolic SAR: Bearish 🔴.
TD Sequential (2 Up): ✅ early bounce signal.
RSI Divergence: None.
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🎯 Trading Plan
Entry Zone: $0.690 – $0.705
Take Profit (TP):
TP1: $0.720 🎯
TP2: $0.740 → resistance test
TP3: $0.760 🚀 bounce rally
Stop Loss: $0.680
⚡ If $0.680 breaks → expect further dip to $0.660.
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📝 Summary
👉 SOMI is bearish overall, but an oversold bounce could be near.
👉 Best play: Quick scalps with strict stop-loss.
Not financial advice. Oversold setups can still drop further.
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