$OM
/USDT SHORT TRADE SETUP
Based on the 15m chart, $OM is trading at 0.08439. The price has seen a significant move up but is currently pulling back, trading below the MA(7) at 0.08532 and the MA(25) at 0.08728. The MA(25) is acting as strong overhead resistance, and the price is consolidating below it after a sharp sell-off from the high of 0.09460. The recent volume has also dropped significantly, suggesting a loss of bullish momentum.
We are anticipating a continued short-term correction to the downside.
Target Points
TP1: 0.08300 (Testing the recent low of the consolidation area)
TP2: 0.08150 (Psychological support level)
TP3: 0.08000 (Closer to the MA(99) support at 0.07876)
Stop Loss
Set stop loss above 0.08750 to limit upside risk (Above the MA(25) resistance).
Sell and Trade here on $OM