#BTCVSGOLD As I stated above, I am accumulating SOMI and I'm watching this closely as there are signs showing a strong recovery pattern. The buyers are stepping back in and the selling pressure is decreasing. The chart indicates that the price has stabilized now that the price has pulled back which indicates the accumulation is taking place. This type of recovery does not happen overnight so patience will be important moving forward. For anyone that missed the move, there is still an opportunity here as long as they have discipline in their entries and have a plan for risk.
I believe the best approach for those looking to get involved with SOMI is to enter during minor pullbacks as the entry should be "near" the current price range.
Also, follow the same Trading Setups regardless of the market type (Spot Market / Long). The Entry Point is always at or very close to the Current Price or Minor Pullbacks. The first target will be the previous high, then higher continuation if the Momentum holds. My Stop Loss will always be set "Below the Recent Swing Low".
So stay patient, don't over-leverage, and allow the structure of the market to dictate your trade decision.
SOMI
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