$OM /USDT 4-hour chart analysis:
📊 Technical Overview:
Current Price: 0.2689 USDT
Trend: The overall mid-term trend is still bearish, though a short-term rebound is underway.
Moving Averages:
MA 7: 0.2611 — starting to curve upward (bullish short-term signal)
MA 25: 0.2820 — still sloping downward
MA 99: 0.3086 — confirms the longer-term downtrend
🧠 Key Technical Notes:
The recent bounce may be a dead cat bounce or potentially the beginning of a trend reversal — confirmation is needed.
First strong resistance lies in the 0.2750–0.2820 range.
A breakout above that zone may open the path toward 0.30–0.31.
Failure to sustain this bounce could lead to a retest of the 0.2600 level or lower.
🧩 Strategic Take:
For trend followers: Wait for a clear close above 0.2820 to confirm a shift in trend.
For short-term traders: As long as the price holds above MA7 (0.2611), intraday buy opportunities exist — but a tight stop-loss just below 0.2610 is critical.
⚠️ DYOR – Do Your Own Research. This is not financial advice. Markets can be volatile — always trade responsibly!