$OM /USDT – Heavy Pullback, Watch for Reversal Zones!
$OM is currently trading at $0.7799 (-14.30%), experiencing a sharp pullback from the 24h high of $0.9195 down to a 24h low of $0.7334. With 390M OM and 314.26M USDT traded in volume, the pair is showing high activity despite the dip. Key resistance sits near $0.9088, while support lies around $0.6733–$0.7334. The rapid drop suggests potential for a bounce if accumulation kicks in near the lower bands.
Momentum Analysis: Bearish short-term, but oversold conditions could spark a technical rebound. Monitor for recovery signs above $0.7911 and confirmation at $0.9088.
Long Setup (Reversal Play):
Entry Zone: $0.7400 – $0.7800
Targets: T1 $0.8550, T2 $0.9080, T3 $0.9650
Stop Loss: $0.6990
Breakout Confirmation: Flip of $0.9088 with strong volume.
Key Support: $0.7334 (critical demand zone).
Pro Tip: Patience pays—wait for a 4H candle close above $0.7911 before entering to avoid catching a falling knife.