SOMI 1H LONG Set up

Current Price: Around 1.5764 USDT, trading slightly bearish (-4.51%).
• Setup:
• A long trade setup is marked with risk/reward box (green zone above, red zone below).
• Entry Zone: Around 1.56 – 1.58 USDT (current price).
• Stop-Loss (SL): Around 1.55 – 1.42 USDT (marked red levels).
• Target (TP): Around 2.50 USDT (green box top).
• Key Levels:
• Resistance 1: 1.80
• Resistance 2: 1.89 – 1.90 (previous high)
• Major Target: 2.50
• Support Zone: 1.55 – 1.42
• Indicators:
• Moving averages (short-term) are shown, price is consolidating around them.
• Volume is relatively higher before consolidation, suggesting accumulation.

📌 Summary:
This chart shows a bullish setup with a long entry around the current consolidation zone (1.56–1.58). If price holds above 1.55, potential upside target is 2.50. But if it breaks below 1.55, downside risk extends to 1.42.