$OM Big Spike, But Can It Hold?
OM is trading at $0.5691, after a sharp surge followed by an immediate pullback from intraday highs. Price is struggling to stay above support, signaling caution as volatility kicks in.
Key Levels to Watch
• Resistance: $0.5860 – A breakout above this could push OM toward $0.6000 and $0.6080.
• Support: $0.5500 – A break below this support could send price sliding toward $0.5200 and $0.5000.
Trade Setup – Bounce or Breakdown Incoming
• Bullish Entry: Above $0.5860
• TP1: $0.6000
• TP2: $0.6080
• Bearish Entry: Below $0.5500
• TP1: $0.5200
• TP2: $0.5000
Stop-Loss: Keep SL tight to protect against erratic price swings and failed breakouts.