OM/USDT trade setup based on general technical analysis
Current setup, I recommend checking a live chart on platforms like TradingView or Binance. But here's a sample framework to get you started:
Pair: OM/USDT
Timeframe: 4H / Daily
Trend: Short-term bullish (assuming recent momentum)
Technical Setup
Support Levels:
$0.58 – strong demand zone
$0.52 – critical support
Resistance Levels:
$0.65 – short-term resistance
$0.72 – major breakout level
Indicators to Watch:
RSI: Look for values above 50 to confirm momentum
MACD: Bullish crossover is a good entry signal
Volume: Look for increasing volume on breakout attempts
Trade Idea
Entry (Long):
Buy breakout above $0.65 with volume confirmation
OR
Buy dip near $0.58 support with bullish reversal candles
Stop Loss:
Below $0.56 (for dip buy)
Below breakout level $0.63 (for breakout entry)
Targets:
TP1: $0.72
TP2: $0.80
TP3: $0.88 (if strong bullish continuation)
Risk Management
Risk no more than 1-2% of your capital on the trade.
Use trailing stop after TP1 for maximizing gains.
