$OM Ready to Reclaim Momentum? Bounce or Rejection at Key Zone!
OM is hovering around $0.3298, up a massive +30.92% on the day, but currently facing short-term resistance after a local pullback from the $0.3366 high. Buyers are attempting to defend the $0.3280 zone.
Key Price Levels:
• Entry Zone: $0.3275 – $0.3300
• Stop Loss: Below $0.3240 (structure invalidation)
• Target 1: $0.3400 (local resistance re-test)
• Target 2: $0.3600 (extension breakout zone)
Volume Analysis:
Volume SMA at 3.576M—increasing near support zones. Suggests strong interest in this range, possibly accumulation.
Risk Management Tip:
Tight range = tight stop. Only enter if volume surges above $0.3320. Rejection from $0.3360 could lead to a drop back below $0.3200.
