$SOMI USDT SHORT TRADE SIGNAL💥🔥
$SOMI /USDT is showing signs of exhaustion after a sharp impulsive rally from the 0.19 demand zone toward the 0.24 resistance area. Price is now consolidating below the recent high with multiple rejection wicks near 0.2400, indicating strong supply pressure. The structure suggests a potential lower high formation on the 1H timeframe, increasing the probability of a corrective move.
After a vertical push, momentum is slowing down and buyers are struggling to break above the recent top. A breakdown below the short-term support zone could trigger a deeper pullback toward previous consolidation levels.
Trade Setup:
Short Entry: 0.2300 – 0.2340
TP1: 0.2200
TP2: 0.2100
TP3: 0.1980
SL: 0.2425
Market Outlook:
Overall momentum remains bullish on the higher move, but in the short term, price looks overextended and vulnerable to a retracement. A clean break above 0.2425 would invalidate the bearish setup and signal continuation to the upside.
#SOMI #SOMIUSDT #CryptoSignals #ShortTrade
