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#SOMI SOMI has recently performed outstandingly, showing a strong pump that is eye-catching. From a technical perspective, its rise trend is evident, and it is expected to challenge the high point of 1.88. Considering the current rise speed, it would be a pity to miss this pump.
The overall market shows a bullish trend, and the relative strength index (RSI) is approaching the overbought zone, indicating strong rising momentum. For investors optimistic about the SOMI outlook, it may be wise to set a buy point around 1.6, with a target price range of 1.8 to 2.0. However, investors need to remain vigilant and reserve some funds for potential pullbacks to increase their holdings at the right time.
For cautious traders, shorting around 1.6 can also be considered, with support levels to watch in the 1.42 and 1.28 areas.
Regardless of the strategy adopted, it is essential to closely monitor market trends and manage risks wisely. The current trend of SOMI is worth continuous attention, and investors should make informed decisions based on their own risk tolerance and investment goals.