$OM 🔥 TRADE AND INVEST 🔥
short
Trade Setup:
Entry: 0.3645 – 0.3675
Take Profit (TP): 0.3510
Stop Loss (SL): 0.3725
$OM /USDT has attempted a recovery but is now facing resistance at the previous support zone near 0.3675, which has flipped into a supply area. Price is struggling to hold above this level, suggesting weakness and a potential reversal back to the downside.
Market Outlook:
OM remains in a broader downtrend with heavy downside momentum. The current retest of broken support as resistance increases the probability of a continuation lower. Traders should watch for further bearish confirmation before scaling in.