$SOMI is experiencing a volume-driven plunge, with a daily decline of over 31%. Combined with high open interest, this is a typical scenario of bullish trap and main force distribution resonance.
🎯 Direction: Short (Short)
🎯 Entry: 0.230 - 0.235
🛑 Stop Loss: 0.250 (Rigid Stop Loss)
🚀 Target 1: 0.200
🚀 Target 2: 0.180
$SOMI Price action shows a decline with no resistance, a -31% drop accompanied by 210 million in trading volume, indicating a strong trend confirmation signal. High open interest has not decreased during the decline, suggesting that bulls are still passively absorbing or getting liquidated, rather than actively closing positions. Market sentiment has shifted to panic, and any rebound will be an opportunity for new short entries. There is no clear support below, and downward momentum will continue to be released.
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NortheastKid
· 14h ago
Speed up to add positions and open short positions
【$SOMI Signal】Short + Volume Breakout
$SOMI is experiencing a volume-driven plunge, with a daily decline of over 31%. Combined with high open interest, this is a typical scenario of bullish trap and main force distribution resonance.
🎯 Direction: Short (Short)
🎯 Entry: 0.230 - 0.235
🛑 Stop Loss: 0.250 (Rigid Stop Loss)
🚀 Target 1: 0.200
🚀 Target 2: 0.180
$SOMI Price action shows a decline with no resistance, a -31% drop accompanied by 210 million in trading volume, indicating a strong trend confirmation signal. High open interest has not decreased during the decline, suggesting that bulls are still passively absorbing or getting liquidated, rather than actively closing positions. Market sentiment has shifted to panic, and any rebound will be an opportunity for new short entries. There is no clear support below, and downward momentum will continue to be released.
Trade 👇 $SOMI
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