$OM 🔥BUILDING STRONG MOMENTUM 🔥
📈 Technical Chart Analysis (Symbolic Overview)
Current Price: $0.2709
Support Levels:
Immediate: $0.2550
Strong: $0.2380 (previous consolidation base)
Resistance Levels:
Minor: $0.2850
Major: $0.3125 (recent local top)
🔺 Chart Pattern:
Ascending Triangle Formation spotted on the 4H timeframe – price bouncing higher off rising support, showing accumulation before breakout.
Trading Strategy
1. Bullish Breakout Play (Swing/Positional):
Entry Zone: $0.2680–$0.2720
Trigger: Break and close above $0.2850
Targets:
TP1: $0.2950
TP2: $0.3125
TP3: $0.3480 (Fib extension level)
Stop-Loss: $0.2480 (below trendline and support)
2. Bearish Rejection Scenario (Scalp/Short-Term):
If rejected at $0.2850 with strong volume:
Short near resistance
TP: $0.2550
SL: $0.2910
⚠️ Disclaimer
> This analysis is for educational purposes only and should not be considered financial advice. Always do your own research (DYOR) and consider your risk profile before entering any position.
📣 Final Take:
OM is nearing a key inflection point. A breakout above $0.2850 with strong confirmation could set off the next bullish wave. Eyes on volume spikes, RSI divergence, and trendline support for clues