Somnia: Buy the Dip or Run for the Hills? 📉

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Ah, Somnia [SOMI]. Another digital phantom promising riches, naturally. As of this very moment – a moment, I assure you, steeped in existential dread and the aroma of stale coffee – it’s up a paltry 3.75% in a day. A veritable explosion, wouldn’t you say? Though the trading volume is… diminishing. How quaint. A triangle pattern has formed. A geometric riddle wrapped in an enigma, sprinkled with the dust of forgotten dreams. Will it surge? Will it plummet to the one-dollar abyss? One shudders to think. 🤔

Somnia Traders: Optimism Tempered by the Inevitable

The four-hour chart whispers of a “bullish structure,” a phrase that always sounds suspiciously like a prelude to disaster. A retracement below a dollar, naturally. Why should anything be straightforward? It’s aiming for a “fair value gap” – a rather optimistic term for a void where sensible money once resided, somewhere between $1.06 and $1.22. The $1.2 region valiantly attempts to maintain its dignity as support, but the Awesome Oscillator… well, it suggests the bullish enthusiasm is waning. A most uninspiring development. And yet, the OBV is rising, defying logic, as it so often does. Such is the market, a creature of whims and contradictions.

A touch of selling pressure, you say? Minor, of course. Compared to the frenzied buying of the 10th, it’s a mere sigh. But, oh, how these sighs can portend storms! It could, possibly, influence the next 24-48 hours. Perhaps. Or perhaps not. The universe remains stubbornly indifferent. 🤷

Now, observe the one-hour chart. A descending triangle! A rather sinister formation. Usually it portends doom but, in Somnia’s case… it’s attempting a miracle? Forming after a bullish move? The audacity! The OBV has broken recent lows, signaling – what else? – that the sellers are momentarily in charge. Prepare for a retreat, dear traders, back to the $1-$1.1 “demand zone.” A rather generous interpretation of demand, I must say.

And finally, the Liquidation Map. Long liquidations exceed the short ones up to $1.2. This means a dip is *possible*. A dip to $1.2, or perhaps slightly lower. A rather predictable outcome, really. The triangle base, naturally, resides at $1.2. So, wait for a retest of $1.15-$1.2, and *then* consider buying. But be warned: if it falls below one dollar, run. Just run. Don’t ask questions. Don’t look back. It’s for your own good. 🏃

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2025-09-15 09:13