$OM /USDT – Bearish Retracement in Play!
Momentum Analysis: OM/USDT is currently in a bearish retracement, showing a significant drop of 8.40% in the past 24 hours. The price has reached the support zone near 0.5573, with a slight bounce from the 24h low of 0.5446. As the market experiences this pullback, caution is advised for potential short opportunities.
Long Setup: Entry zone: 0.5446 - 0.5573, Targets: T1 - 0.5739, T2 - 0.6118, T3 - 0.6498, Stop Loss: 0.5359
Breakout Confirmation Level & Key Support: Confirm breakout at 0.5739, key support at 0.5446.
Pro Tip for Traders: Watch for volume spikes to confirm price reversal.
Hashtags: #CryptoTrading #OMUSDT #MarketAnalysis #BearishRetracement