$OM /USDT MASSIVE SPIKE BUT FACES STRONG REJECTION — VOLATILITY REMAINS HIGH!
$OM /USDT surged explosively to a high of $0.5092 but quickly faced a sharp rejection, pulling back to $0.4371. This +12.37% daily move signals intense volatility as buyers attempted a breakout, but sellers stepped in heavily near the top wick. The current price action suggests a retracement phase unless bulls reclaim control above $0.4600.
Trade Setup:
Short Entry: $0.4400 – $0.4500
Take Profit: $0.4100 / $0.3880
Stop Loss: $0.4660
Market Outlook:
The long upper wick on the 15m chart reflects profit-taking and possible exhaustion. Unless momentum returns soon, the price may retest lower support zones. Risk management is key in such volatile moves.
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