📉 OM 👀Dips to $0.5389 – Buying Opportunity🤔? 🚨
OM price at $0.5389, down 1.31% with 11.39% volatility in 24H! Support $0.5242, resistance $0.5487. RSI neutral, MACD bearish. 💡 Scalp $0.5350–$0.6071, stop loss $0.5242. Bounce or more downside? What’s your take? 📊 #OM @BoldCompass
📌Insights for Traders
🧭Short-Term (Scalping/Day Trading):Entry Point: Buy on a dip to $0.5300–$0.5350 if the price holds above $0.5242 (confirm with volume and RSI rising above 40).
Target Profit: Sell at resistance $0.5487–$0.6071.Stop Loss: $0.5242 to limit risk.
🧭Strategy: Use small timeframes (15M/1H) for scalping, capitalizing on a potential bounce from the current support level.
🧭Medium-Term (Swing Trading):Wait for a confirmed breakout above $0.5487 (EMA(25)) with high volume for a long position, targeting $0.6071–$0.6732.If the price breaks below $0.5242, watch for a deeper correction to $0.4872 (next major support).Monitor project-specific news, such as updates from MANTRA’s DeFi ecosystem, for additional catalysts.
🚨Be cautious of further downside, especially with the bearish trend and high volatility risk.
Will OM bounce back to $0.6071, or are we headed for more downside? Share your thoughts below! 👇
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Disclaimer
This analysis is for informational purposes only and does not constitute financial advice. Cryptocurrency trading involves high risks, and prices can be highly volatile. Always conduct your own research and consider your risk tolerance before making any trading decisions.
