$OM ๐จ OM/USDT: Rebuilding After the Collapse
A Golden Opportunity or Risky Gamble? ๐จ
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Intro
OM crashed nearly 90% due to forced liquidations on CEXs, shaking investor confidence. In response, the Mantra DAO founder burned 160M OM tokens (~50% of supply) to spark a comeback. Is it working? Letโs break it down!
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๐ Technical Analysis
Resistance: $0.537 โ Breakout could hit $0.60
Support: $0.48 / $0.45 โ Breakdown targets $0.40
RSI: Up from 20 to 40 โ Neutral-to-bullish
MACD: Near bullish crossover
MAs: 50D = $0.52 (resistance), 200D = $0.48 (support)
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๐ฃ Collapse Recap
OM nosedived as liquidations snowballed. Panic hit hard, but the 160M token burn aims to restore faith. Still, caution dominates until price action confirms recovery.
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๐ Trading Strategy
๐งจ Futures (High Risk)
Short: Below $0.45 โ Target: $0.40 / $0.36 โ SL: $0.485
Long: Break $0.537 + RSI > 50 โ Target: $0.60 / $0.70 โ SL: $0.495
๐ผ Spot (Safer Bet)
Entry Zone: $0.48โ$0.52
Portfolio Size: 5โ10% max
SL: Close below $0.44 (daily)
TP: $0.60 / $0.70
Pro Tip: Watch BTC movesโdonโt go blind.
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๐ฎ Final Verdict
OM is volatile but recovering.
Bullish: If breakout holds, token burn may fuel a rally.
Bearish: Below $0.45 = more downside risk.
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๐ฃ Final Thoughts
โ Great for skilled traders with tight SLs
โ ๏ธ Long-term holdersโwait for structure & volume