🚀 OM/USDT – Parabolic Move or Exhaustion? 🚀

OM/USDT has been on an explosive rally, forming a series of bullish continuation patterns with higher lows. The breakout structure is strong, but RSI has hit 82, signaling overbought conditions.

🔍 Key Observations:

✅ Multiple bullish falling wedge breakouts leading to higher highs.

✅ Strong parabolic move, breaking key resistances.

✅ RSI at 82 – Overbought Zone, potential correction ahead.

✅ Volume remains high, showing strong buyer interest.

📉 Possible Scenarios:

1️⃣ Healthy Pullback – A slight correction to retest support before another leg up.

2️⃣ Extended Rally – If momentum continues, FOMO could push it higher.

3️⃣ Reversal Risk – If buyers slow down, a deeper correction might occur.

💡 What’s Next?

Watch for support around $6.50 - $6.80 for a potential bounce.

If volume remains high, we could see new highs soon.

A drop below key support levels could signal a trend shift.

🚀 Are we going to see $10 soon, or is a cooldown inevitable? Let me know your thoughts in the comments! 🔥 #crypto #Trading #OMUSDT #Binance