Saeed akbar 371
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$OM
Nice breakdown — this looks like a textbook cooldown after a parabolic run. Here's a quick technical take:
What’s Happening:
After flirting with $1, $OM is taking a breather — no surprise after that vertical move.
The RSI at 27.55 and StochRSI under 6? Definitely suggests the selling pressure may be near exhaustion.
Still holding a +28% gain, so bulls aren't out of the fight — just catching their breath.
Key Zones to Watch:
$0.7650: This is your immediate demand zone. If it holds, we could see a W-shaped recovery.
$0.8000: The psychological barrier and local resistance. A decisive candle above this flips momentum.
$0.8500: Next challenge on the bull path. Breaking this would confirm strength and likely bring $1 back into view.
Scenarios:
1. Bullish: Support holds > RSI recovers > Breaks $0.8000 with volume = next leg to $0.85–$1+.
2. Bearish: $0.7650 cracks > Slide toward $0.7410 > Momentum dies unless heavy buy wall appears.
Pro Tip:
Watch for volume divergence and candle structure on the 5m/15m charts.
If you’re long, consider tight stops under $0.7650, maybe trailing if it bounces.
Nice breakdown — this looks like a textbook cooldown after a parabolic run. Here's a quick technical take:
What’s Happening:
After flirting with $1, $OM is taking a breather — no surprise after that vertical move.
The RSI at 27.55 and StochRSI under 6? Definitely suggests the selling pressure may be near exhaustion.
Still holding a +28% gain, so bulls aren't out of the fight — just catching their breath.
Key Zones to Watch:
$0.7650: This is your immediate demand zone. If it holds, we could see a W-shaped recovery.
$0.8000: The psychological barrier and local resistance. A decisive candle above this flips momentum.
$0.8500: Next challenge on the bull path. Breaking this would confirm strength and likely bring $1 back into view.
Scenarios:
1. Bullish: Support holds > RSI recovers > Breaks $0.8000 with volume = next leg to $0.85–$1+.
2. Bearish: $0.7650 cracks > Slide toward $0.7410 > Momentum dies unless heavy buy wall appears.
Pro Tip:
Watch for volume divergence and candle structure on the 5m/15m charts.
If you’re long, consider tight stops under $0.7650, maybe trailing if it bounces.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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