$OM /USDT – Oversold Zone Bounce or Breakdown? ⚠️📉
Current Price: $0.335 (-14.45%)
Market Overview:
$OM just experienced a brutal sell-off, slicing through multiple supports. Price is stabilizing near the $0.3241 low with a small green candle showing potential relief.
Key Levels:
Support: $0.3240
Resistance: $0.3500
Trade Setup (Bounce Play):
Entry Zone: $0.332 – $0.336
TP1: $0.350
TP2: $0.364
TP3: $0.378
Stop Loss: $0.322
Why It Matters:
This is a classic "falling knife meets floor" scenario. If bulls defend this base, a fast rebound toward previous breakdown levels is on the table.
Pro Tip:
Wait for bullish engulfing or strong green close on lower timeframe (15m) before entry. Tight SL is key due to weak market structure.
👀 Eyes on OM — heavy dump = heavy bounce potential. Don't miss the next move!
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