Current Price: $0.529
24H Change: Mildly Bearish Consolidation
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TECHNICAL BREAKDOWN
Pattern Watch:
OM is forming a Bullish Pennant after a major impulse rally — a classic continuation structure hinting at further upside once consolidation resolves.
Key Indicators:
RSI: 58 — healthy zone, room to run
MACD: Showing signs of potential crossover — early bullish divergence
Volume: Recent spikes during green candles suggest buyer strength on the dips
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TRADE SETUP
BULLISH BREAKOUT PLAN:
If OM breaks and closes above $0.555, momentum could ignite.
Entry: $0.555+
TP1: $0.63
TP2: $0.72
TP3 (Extended): $0.84
SL: $0.505 (below pennant support)
BEARISH BREAKDOWN PLAN:
If price slips below $0.505 and volume increases on the red side, expect a dip before new demand.
Entry: Below $0.505
TP1: $0.465
TP2: $0.415
SL: $0.545
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PRO TRADER INSIGHTS
Smart Money Strategy: Wait for liquidity grab below support or volume-confirmed breakout before committing.
Momentum Bias: As long as OM holds above $0.50, bulls remain in control.
Sniper Tip: Watch for a fakeout wick below $0.50 — it could trap sellers and fuel a reversal rally.
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SHORT-TERM OUTLOOK
Bullish: Holding above $0.50 and forming higher lows
Bearish: Only if $0.48–$0.50 support decisively breaks on high volume
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FINAL WORD
Momentum is building. Keep your eyes on volume and breakout candles. The setup is clean, and the next move could be explosive. Whether you ride the wave or wait for the retest — trade with discipline.
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Buy and Trade Smart | Manage Risk First
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