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Arthur mars
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just join my family for clear stop loss & take profit.
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Arthur mars
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#om What could be the next move Detailed ### **OM/USDT Next Move Analysis** #### **Current Market Conditions** - **Price**: **0.5223 USDT** (down **-1.04%** in 24h). - **24h Range**: **0.5190 (Low)** to **0.5412 (High)**. - **Volume**: Declining (Current Vol: **42.8M** vs. MA(5): **63.8M**). - **STOCHRSI**: **94.15** (extremely **overbought**). - **News Catalyst**: Mantra CEO proposed a **token burn** (bullish long-term, but short-term profit-taking likely). --- ### **Key Scenarios for Next Move** #### **1. Bearish Pullback (Likely Due to Overbought STOCHRSI)** - **Trigger**: Rejection near **0.5412** (24h High). - **Downside Targets**: - **0.5200** (minor support). - **0.5190** (24h Low, critical support). - **0.5000** (psychological level). - **Confirmation**: If volume spikes on a breakdown below **0.5190**. #### **2. Bullish Continuation (If Buyers Defend Support)** - **Trigger**: Hold above **0.5190** + rising volume. - **Upside Targets**: - **0.5412** (24h High). - **0.5500** (next resistance). - **Confirmation**: STOCHRSI resets below 80 before rebounding. --- ### **Critical Levels** | **Type** | **Level** | **Importance** | |----------------|----------------|----------------| | **Resistance** | 0.5412 | 24h High | | **Support** | 0.5190 | 24h Low (must hold for bulls) | | **Support** | 0.5000 | Psychological level | --- ### **Trading Strategy** - **Short-Term (1-4h)**: **Caution**—high chance of a pullback due to overbought STOCHRSI. Watch for rejection at **0.53–0.54**. - **Swing Trade (1D+)**: If price holds **0.5190**, a retest of **0.5412** is possible. A break above could target **0.55+**. **Risk Management**: - **Stop-Loss for Longs**: Below **0.5150**. - **Stop-Loss for Shorts**: Above **0.5450**. **Final Thought**: The token burn news is bullish, but the **overbought RSI suggests a short-term dip first**. Trade with tight stops.
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Your causing confusion
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go ask om holders 🤗
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next time don't
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your not informed just join my family
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