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$SOMI Update – Bulls Defending the Zone
$SOMI is consolidating tightly near a strong support area, showing repeated rebounds after brief dips. Price briefly wicks below the range but quickly recovers, forming consistent lower shadows — a sign buyers are actively stepping in.
Momentum attempts to push upward have been modest so far, with volume appearing in short bursts before cooling off — suggesting steady absorption rather than aggressive selling. 📊
📍 Strategy (Long Setup)
🟢 Buy Zone: $0.2080 – $0.2120
🔴 Protection Level: $0.1910
🎯 Upside Targets:
• $0.2188
• $0.2260
• $0.2380
Currently positioned and monitoring closely — no scaling in at this stage. The key focus is how price reacts around this support cluster.
⚠️ If the market decisively breaks below this foundation and fails to reclaim it promptly, the structure weakens and the setup becomes invalid. Quick recovery is essential to maintain the bullish outlook.
Staying disciplined and letting price action confirm the next move.
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