$OM trade plan: 🔥 🔥 🔥

Current Price: $0.5485

24h Low / High: $0.4872 - $0.5900

RSI (6): 66.2 – nearing overbought territory but not quite there.

Volume Spike: Strong volume on the green candle suggests a potential reversal or pump.

Pattern: Sharp V-shaped recovery from $0.4872 to $0.5900, followed by a red candle (pullback).

Key Levels

Support: $0.5050–$0.5100 (recent bottom before spike)

Resistance: $0.5900 (top of the spike)

Current Zone: Midpoint of the spike, where price is cooling off.

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Suggested Entry Setup

Scenario: Buy the pullback if support holds

Entry Zone:

$0.5300 – $0.5400

(Wait for a retest of this zone with bullish confirmation – wick rejection or bullish engulfing)

Stop Loss:

$0.5030

(Below the previous low and support level – give it some room)

Take Profit Targets:

1. TP1: $0.5700 – Near recent rejection level

2. TP2: $0.5900 – Previous high

3. TP3: $0.6200 – If breakout continues

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Trade Setup Summary

Entry: $0.5300 – $0.5400

SL: $0.5030

TP1: $0.5700

TP2: $0.5900

TP3: $0.6200

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Risk Management & Tips

Position size properly (1–2% risk per trade)

Watch volume and RSI – if RSI crosses 70, be cautious of a short-term pullback

Use trailing stop if breakout continues