$OM FLASH SPIKE OR DEAD BOUNCE?
OM is currently trading at $0.6949 after a wild intraday spike and sharp retracement. The price remains volatile, with bulls trying to hold a key support zone. A breakout or breakdown from this range will likely determine the next wave.
Key Levels to Watch
• Resistance Zone: $0.7010 – $0.7060
A breakout above this area could drive price toward $0.7140 and $0.7220.
• Support Zone: $0.6890 – $0.6840
A breakdown below this zone could expose OM to further downside toward $0.6780 and $0.6700.
Trade Setup – Stay Nimble
• Bullish Entry: A confirmed breakout above $0.7060
Target 1: $0.7140
Target 2: $0.7220
• Bearish Entry: A breakdown below $0.6840
Target 1: $0.6780
Target 2: $0.6700
Stop-Loss Strategy:
Use tight stops just outside of the breakout and breakdown zones to manage risk effectively—this is a high-volatility play.
