$SOMI /USDT BULLISH CONSOLIDATION — LAYER 1/2 GAINS MOMENTUM 🚀
$SOMI has rallied +14.3% and is consolidating near 0.1898 after testing the 0.2022 high. Price is trading above MA(7), MA(25), and MA(99), signaling bullish momentum across short- and mid-term timeframes. MACD is positive, indicating continuation potential. As long as 0.186–0.188 holds, bulls remain in control with potential to retest 0.197–0.202.
🔥 Trade Setup
Entry Zone:
0.186 – 0.189 (buy dips near moving average support)
Take Profits:
TP1: 0.197
TP2: 0.202
TP3: 0.210
TP4 (extension): 0.220
Stop Loss:
0.180 (below MA(99) & key structural support)
📊 Short Market Outlook
Trend: Bullish
Momentum: Consolidating, ready for continuation
Immediate resistance: 0.197–0.202
Support: 0.186–0.188
High-volume buying and higher lows confirm bullish control. A breakout above 0.202 can trigger the next leg toward 0.210–0.220, while dips near 0.186–0.188 provide strong buying opportunities.
#SOMI #Layer1 #CryptoTrading #AltcoinMomentum #TechnicalAnalysis
