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【$SOMI Signal】Extreme overbought, wait for a pullback to go long
$SOMI RSI 1H 92.76, clear buy-side gap. Price breaks through the 4H Bollinger upper band at 0.2013, MACD bars expanding but at a slowing rate. Funding rate -0.178%, price remains firm under bearish support. Willingness to buy at high levels weakens, deep imbalance of 24.61% indicates concentrated buying pressure.
🎯Direction: Watchful (place orders to go long)
⚡Entry/Order: 0.1786 - 0.2297 (enter near 0.1786 after a pullback)
🛑Stop loss: 0.1722
🚀Target 1: 0.2308
🚀Target 2: 0.2317
🛡️Trade management: - Execute strategy: after reaching Target 1, reduce position by 50%, move stop loss to break-even. If price falls below 0.1786, cancel pending orders.
Current risk-reward ratio is poor, high risk in chasing longs. Wait until buying power weakens significantly, then re-enter near 0.1786 with clear support.
Check real-time market 👇 $SOMI
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