Trade Idea: SOMI LONG
Opened 2025-09-06 19:08:24 · Valid until 2025-09-13 19:08:24 · Closed 2025-09-06 22:48:09
How this works.
Pending means price has not hit entry. Live means entry was hit and the trade is active until TP or SL or expiry. Closed means TP or SL hit, or expired. Times are UTC. Educational use only.
LONG CLOSED
RR 1.50 Conf 75% Swing 3-7 days
Entry 0.88606600
Stop 0.82506600
TP
1.05000000 / 1.15000000 / 1.25000000
Live 0.47366200
ROI
-46.54%
(vs entry)
Thesis and checks
Given the recent surge of 57.39% in the price of Somnia (SOMI), the market sentiment appears bullish. The RSI is currently at 70, indicating overbought conditions, but it can remain elevated in a strong trend. Additionally, the MACD shows a bullish crossover, suggesting continued upward momentum.
- Current price is near a key support level around $0.85, providing a solid stop-loss opportunity.
- Target levels are set based on previous resistance zones, with a risk-reward ratio of 1.5.
Trade ideas are educational. Manage risk and position size.