#OM Token Technical Analysis (May 2025)
Price: ~$0.428
Trend: Recently volatile with strong fluctuations in open interest and liquidation events.
Open Interest (OI):
OI collapsed sharply from $261M to $47M within minutes during😱😱 recent flash crashes, signaling massive liquidations and rapid position closures.
#Itsatrash
Liquidation:
Over $65 million in liquidations have occurred recently, especially on Binance and other major exchanges, triggered by high leverage and sharp price drops.
These liquidations cause increased volatility and flash crashes.
Support & Resistance:
Support: Around $0.40 – psychological level and recent low during liquidation events.
Resistance: $0.48 – recent swing high and level where funding rate tends to rise.
Entry Strategy:
Consider entering near strong support (~$0.40) if price shows reversal signals (like bullish candlesticks or increased buying volume).
Use low leverage to avoid liquidation risks due to volatile funding and OI changes.
Exit Strategy:
Take partial profits near $0.48 resistance.
Set a tight stop-loss slightly below $0.39 to protect from flash crashes and liquidation cascades.
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