OM Mantra (OM) Market Update & Trade Plan
OM Mantra is showing strong bullish momentum again after a long period of weakness. The coin recently hit 51 cents, which was a key resistance zone. Volume is high, indicating solid market interest, and the coin is still actively traded across major exchanges.
Key Points from Analysis:
Market Cap: $443 million
Volume-to-Market Cap Ratio: ~100% (very strong)
Short-term upside looks promising with potential for 50% to 100% gains.
Trade Plan:
Entry Zone (Buy the Dip):
41 to 42 cents range (ideal accumulation zone on pullback).
First Target (Breakout Zone):
Break and close above 48 to 49 cents is critical for further upside.
Upside Targets:
First Target: 60 to 63 cents
Maximum Expected High: 66 cents in this rally (not expecting higher for now).
Stop Loss:
Below 40 cents (invalidates the bullish structure short-term).
Summary:
Watch for a dip to 41-42 cents to consider entries.
A successful break above 48-49 cents confirms the next leg higher.
Targets range from 60 to 66 cents short-term, which is a potential 50-100% upside move.
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