$OM USDT Perpetual | Current Price: $0.27596 (+9.7%)
Just as $OM was gearing up to break above the $0.2850 resistance, a sudden red engulfing candle slammed the price down! 📉
Is this a bull trap or the beginning of a deeper correction?
📊 Technical Breakdown:
Price surged into the local resistance at $0.2845, but aggressive sellers stepped in with high-volume pressure.
Immediate support is forming around $0.2705 — if bulls hold this level, a sharp bounce could follow.
Next support zones to watch: $0.2591 and $0.2546.
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📈 Trade Scenarios to Watch:
🟢 Scenario A – Rebound Play
Entry: $0.2700–$0.2720
Targets: TP1: $0.2810 | TP2: $0.2890
Stop-Loss: $0.2590
🔴 Scenario B – Breakdown Play
Entry: Below $0.2700
Targets: TP1: $0.2590 | TP2: $0.2540
Stop-Loss: $0.2765
⚡ Key Zone:
Bulls must defend $0.2705 to keep the recovery alive — if they fail, bears could push this much lower.
Watch the next volume spike carefully!
If you want, I can help you add a visual chart setup or craft a quick Binance Square
caption for higher engagement. Just let me know!$OM
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