My Analysis: Price pulled back from 0.223 highs to test MA7 (0.1688) as support, holding above prior range lows with green volume on bounces. Still below MA25 (0.1732) and MA99 (0.2155), bullish if reclaims 0.173+ with volume. Momentum cooling but uptrend structure intact if holds 0.167. Solid R:R ~1:3+ on dip entries near support—watch rejection at 0.185–0.19 zone.
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$SOMI
Entry Zone: 0.1670 – 0.1710
Targets:
TP1: 0.1850
TP2: 0.2000
TP3: 0.2230
Stop Loss: 0.1620
My Analysis: Price pulled back from 0.223 highs to test MA7 (0.1688) as support, holding above prior range lows with green volume on bounces. Still below MA25 (0.1732) and MA99 (0.2155), bullish if reclaims 0.173+ with volume. Momentum cooling but uptrend structure intact if holds 0.167. Solid R:R ~1:3+ on dip entries near support—watch rejection at 0.185–0.19 zone.