$OM
1. Entry Points
Current Price: $0.3719
OM has recently bounced from a low of $0.3510 and is now trading above both the MA(7) and MA(25), showing short-term bullish momentum.
The price is approaching the MA(99) resistance at $0.3838, so caution is advised.
Entry Strategy:
Aggressive Entry: Between $0.368–$0.372, riding the current breakout.
Confirmation Entry: On a strong candle close above $0.384, which would confirm a break above the MA(99) and signal stronger bullish momentum.
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2. Stop-Loss Placement
Place stop-loss below the recent support zone and consolidation range:
Conservative SL: ~$0.358
Tight SL (for aggressive traders): ~$0.362
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3. Take-Profit Targets
TP1: $0.383–$0.385 (just under the MA(99) resistance level).
TP2: $0.395–$0.398 (minor horizontal resistance and previous price cluster).
TP3: $0.420–$0.425 (major resistance area from the previous downtrend zone).
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Risk-to-Reward (R:R) Example
Entry: $0.371
SL: $0.358 (Risk = $0.013)
TP1: $0.385 (Reward = $0.014) → R:R = ~1.08
TP2: $0.398 (Reward = $0.027) → R:R = ~2.08
TP3: $0.425 (Reward = $0.054) → R:R = ~4.15
