$OM Short Liquidation: Bulls Eyeing Recovery After $1.5965K Flush at $0.37737!
After a massive short liquidation worth $1.5965K at $0.37737, $OM has seen a sharp price move.
Bears got shaken out, and now we’re at a crucial inflection point.
Buyers might be gearing up to reclaim momentum if they step in.
📉 TRADE SETUP – Bounce or Breakdown?
• Entry Zone: Wait for confirmation in the $0.370 – $0.375 range (look for a bounce). • 🎯 TP1: $0.385
• 🎯 TP2: $0.395
• 🎯 TP3: $0.410
• 🛑 SL: Below $0.365 (to manage downside risk).
Market Insight:
With $1.5965K in short liquidation, there’s a high chance of bullish reversal. Price is now testing support around the $0.370–$0.375 zone.
If volume picks up, we could see a swift recovery towards $0.385 and beyond.
Pro Tip:
Look out for a bullish engulfing candle or a solid 15-minute close above $0.3800 with increased volume.
This could signal a strong breakout. Be ready for a short squeeze if the bulls take charge!
$OM just faced a short squeeze—if the bulls gather steam, we could see an explosive rally. Radar ON!
