$OM /USDT Daily Chart Analysis 📊🔥

👉The 1-day chart for $OM /USDT is flashing a potential trade setup! Let’s break it down:

🚨Price Action 📉➡️📈: Price tanked from 6.8680 to a low of 0.3700, then sharply bounced to 0.4493 — a strong rejection of lower levels!💯

Moving Averages 📊:

EMA(7): 0.5066

EMA(25): 1.7252

🚀EMA(99): 4.0854

➡️ Price is still below all major EMAs = bearish trend, but the bounce hints at a short-term reversal.

Volume ⚡:

24H Volume: 76.50M OM (35.33M USDT)

Volume looks moderate, supporting the recent price action.

Candle Signal 🕯️:

✅The sharp rebound with a long lower wick forms a possible hammer — classic bullish reversal pattern!

Trade Signal 🚨

Entry: Consider LONG around 0.4493

Stop Loss: Below recent low at 0.3700 ❌

Take Profit:

First Target: 0.5066 (EMA 7)

Second Target: 0.8780 (previous S/R zone)

Risk/Reward ⚖️: ~1:2 if targeting 0.5066 — decent setup!

🛑Note: This is a short-term play. Always confirm with other indicators like RSI or MACD, and stay updated — the overall trend is still bearish!