$SOMI has strongly broken through after a volume increase of 15.74%, with price action showing that buying pressure continues to absorb, and no top distribution structure has appeared. Combined with the rise in open interest, it is determined to be driven by the main force entering the market, rather than a simple short squeeze.
🎯 Direction: Long
🎯 Entry: 0.3020 - 0.3080
🛑 Stop Loss: 0.2880 (rigid stop loss)
🚀 Target 1: 0.3400
🚀 Target 2: 0.3650
After the breakout, prices are consolidating at high levels, which is a healthy reset rather than a top. Psychologically in the market, a short squeeze is often accompanied by a rapid pullback, but the current structure is compact, and selling pressure is continuously absorbed. The volume-price match is good; as long as prices remain above 0.2950, the upward path is the direction of least resistance. Small losses, big gains, with probabilities favoring the bulls.
Trade here 👇$SOMI
SOMIUSDT
Perp
0.1499
-4.46%
---
Follow me: Get more real-time analysis and insights into the crypto market!