$OMNI has risen 4.23% in the last 24 hours, currently testing the upper Bollinger Band at 2.02.
This proximity to the upper band suggests potential overextension, indicating a possible trend reversal if unable to break past.
Key support is at 1.87, with resistance at 2.01; traders should consider a stop-loss just below support to manage risk.
Volatility appears to be contracting, signaling a period of indecision and potential breakout.
Recommended action: Set alerts for a breach above 2.02 or a move below 1.87 to capitalize on potential price action.
