$OM
OMUSDT (Perpetual) 4-hour chart analysis:
Status
- **Price:** 0.50378 USDT, %4.41 decrease.
- **Volume:** 301.35M OM (153.15M USDT), volume has decreased.
Analysis:
- **Trend:** Downtrend continues, it has declined from the peak of 0.58680 to 0.50378. The support at 0.52272 has been broken, the next support is 0.49472.
- **Resistance:** 0.52272 and 0.55461.
- **Moving Averages:** Price is below the 20 and 50 period averages, bear trend continues.
- **RSI:** ~30, close to the oversold region, a recovery signal may come.
- **MACD:** In the negative zone, there is downward momentum but it is weakening.
- **Volume:** Volume has decreased with the decline, selling pressure may decrease.
### Strategy:
- **Bear:** If 0.49472 is broken, the target is 0.45007.
- **Bull:** If 0.52272 is broken, the target is 0.55461.
- **Entry/Exit:** Entry for short at 0.50378, stop at 0.52272, target at 0.49472. For long, entry on the breakout of 0.52272, stop at 0.50378, target at 0.55461.
### Conclusion:
The downtrend continues, the support at 0.49472 is critical. If RSI recovers, a short-term increase is possible. Wait for confirmation in volume and indicators.
**Warning:** This is not investment advice, do your own research.