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【$SOMI Signal】Empty position + Monitor after main force pulls up and cools down
$SOMI After a violent surge of 42.58%, it is currently consolidating at a high level. Price action indicates this is a typical cooling after a rally, not a healthy reset. The huge trading volume (367.65M) combined with high open interest (42.57M) suggests market logic needs to determine whether the main force continues to enter or if the decline is a distribution after short sellers step on the brakes. The current price structure is unstable, lacking a clear support level, and chasing high involves great risk.
🎯Direction: Empty position (NoPosition)
Waiting for the price structure to become clearer. Either it retraces to form an effective support zone (such as 0.25-0.27) with buying absorption, considering a long position; or it breaks below the current consolidation zone, confirming a rally and distribution, then looking for a chance to short. Currently, there are no advantageous odds, so it’s best to wait and see.
Trade here 👇 $SOMI
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