$OM /USDT – Potential Reversal Brewing at $0.51 Zone
OM has been in a consistent downtrend but is now forming a solid base near the $0.5000 level. Buyers are slowly stepping in around this key demand zone, signaling a possible bounce setup.
Long Trade Setup: Entry Zone: $0.5100 – $0.5150 Target 1: $0.5300 Target 2: $0.5480 Final Target: $0.5680 Stop Loss: $0.4870
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Why This Setup? The price is consolidating at strong horizontal support with slowing bearish momentum. A push above $0.5200 could trigger a reversal wave.
Strategy Tip: Watch for a bullish engulfing candle on the 15m or 1H chart to confirm strength.