#IntradayTrading Signal for $OM /USDT
$OM IS GOING TO FILL THE WICK SOON

Based on the 15-minute chart, the price appears to be in a consolidation phase, with a potential breakout setup forming.

1. Entry Point:

Long (Buy) Entry: If the price breaks above 8.50 USDT with volume confirmation.

Short (Sell) Entry: If the price breaks below 8.40 USDT, indicating a bearish move.

2. Stop Loss:

For Long Position: Below 8.40 USDT (recent low)

For Short Position: Above 8.55 USDT (recent resistance level)

3. Take Profit Targets:

First Target (TP1): 8.60 USDT (minor resistance)

Second Target (TP2): 8.75 USDT (major resistance from previous highs)

Extended Target (TP3): 9.00 USDT if momentum continues.

4. Support and Resistance Levels:

Support Levels:

8.40 USDT (key support level)

8.30 USDT (stronger support from previous price action)

Resistance Levels:

8.50 USDT (breakout resistance)

8.75 USDT (next resistance level)

9.00 USDT (psychological resistance)

Trading Suggestion:

If the price breaks above 8.50 USDT, a long entry is preferred with targets at 8.60 and 8.75 USDT.

If the price breaks below 8.40 USDT, a short entry can be considered with targets at 8.30 USDT.