$OM /USDT BULLISH RETEST IN PLAY — LAYER-1 TOKEN AIMING FOR A STRONG COMEBACK!
Technical Analysis:
$OM /USDT is currently trading at $0.2696, with a +4.05% gain in the last 24 hours. Price action shows a recovery from the recent low of $0.2585, with a daily high of $0.2844, indicating fresh buyer interest supported by 51.83M OM in trading volume.
Key Levels:
Immediate Resistance: $0.2760
Major Resistance: $0.2840
Current Price: $0.2696
Immediate Support: $0.2640
Major Support: $0.2580
The price is currently sitting between strong support and local resistance. A clean break above $0.2760 can trigger a bullish continuation toward the $0.2840 zone.
Trade Setup (Long):
Entry Zone: $0.2660 – $0.2700
Take Profit Targets:
TP1: $0.2760
TP2: $0.2820
TP3: $0.2890
Stop Loss: $0.2570
Market Outlook:
Despite long-term bearish performance, OM is showing early signs of reversal in the short-term. If price holds above $0.2640, momentum could build toward the higher resistance levels. Watch for volume confirmation and RSI breakout on 1H chart for additional confidence.
Risk Management:
Risk only 1-2% of your capital per trade. Secure profits gradually and shift SL to entry after TP1 is hit. Avoid chasing entries—wait for retests near support for best R:R setups.
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