SOMI's Death Spiral: My Front-Row Seat to a Market Massacre

Looking at $SOMI chart, I'm watching a slaughter unfold in real time. This isn't just a "bearish trend" - it's a full-blown collapse with lower highs and lower lows stacking up like casualties. Price has plummeted from $1.69 to $1.10, and there's nothing suggesting this bleeding will stop.

Support at $1.06 looks pathetically weak - I've seen wet tissue paper offer more resistance. The so-called resistance at $1.26? Please. That level will fold faster than a cheap lawn chair if tested again.

Volume data is telling me exactly what I expected - the smart money has already abandoned ship. No volume spikes mean no rescue parties are forming. The remaining holders are just waiting their turn for execution.

Those candlestick patterns? Each one a tombstone marking another failed recovery attempt. I've spotted zero convincing reversal patterns - just more bearish formations lining up to take their pound of flesh.

The "medium volatility" assessment is laughably conservative. What we're seeing is the controlled demolition of an asset. Sure, the decline has been somewhat orderly, but make no mistake - this is a one-way trip down.

I wouldn't touch this with stolen money. Anyone claiming to see opportunity here is either delusional or selling you something. Smart traders are either shorting this disaster or staying miles away.

The market has spoken on SOMI, and it's saying "sell everything."

#Somnia