$OM

Technical Analysis of Coin OM/USDT - Time Frame D1

1. Market Overview

Current Price: ~$0.375

24h Volatility: Decrease ~6%

Trading Volume: ~$118 million USD

Market Capitalization: ~$360 million USD

Short-term Trend: Strong Decrease

2. Technical Indicators

RSI: ~28 (oversold)

MACD: Crossed below the signal line

MA50/MA200: Price below both MAs → downtrend still maintained

Overall Signal: Strong Sell

3. Support and Resistance

Near Support: $0.370 (temporary bottom)

Near Resistance: $0.431 (highest price in 24h)

Strong Resistance: $0.50 - $0.60

4. Trading Strategy

Long Trade

Entry: $0.370 - $0.375

Stop-loss: $0.360

TP1: $0.400

TP2: $0.430

Reason: RSI is oversold, strong support zone, potential short-term rebound

Short Trade

Entry: $0.430 - $0.450

Stop-loss: Above $0.460

TP1: $0.400

TP2: $0.375

Reason: Strong resistance zone, main downtrend

5. Spot Trading

Strategy: DCA from $0.370 - $0.375

Target: $0.400 - $0.430

Risk Management: Use 30-50% of capital, DO NOT use leverage

6. Important Notes

Market is strongly declining, only trade long when reversal signals appear

Always have SL to limit losses

Combine volume, RSI, MACD for accurate decision making