$OM /USDT SHOWS SIGNS OF A BULLISH REVERSAL AFTER A STRONG INTRADAY RECOVERY!
$OM /USDT is showing early signs of a short-term bullish reversal, recovering +4.48% intraday and stabilizing at $0.2704. Despite the larger timeframe still being in a corrective phase, this bounce from the local lows is worth watching closely.
š Key Technical Levels:
Current Price: $0.2704
Resistance Levels:
Immediate: $0.2840 (24h high)
Strong: $0.3000 (psychological level)
Support Levels:
Immediate: $0.2580 (24h low)
Major: $0.2420 (historical support zone)
š Trade Setup (Bullish Scenario):
Long Entry: On a confirmed breakout and close above $0.2840
Take Profit Targets:
TP1: $0.3000
TP2: $0.3260
Stop Loss: Below $0.2580 support
This setup aims to capture the potential for a momentum rally while protecting capital against further downside.
š Market Outlook:
OM has been in a prolonged bearish cycle, down -96% over 90 days, but the current bounce suggests potential accumulation or a relief rally. MACD is flattening out and RSI is recovering from oversold conditions, signaling a possible short-term upside.
However, volume must sustain and break above key resistance levels to confirm a full bullish shift.
ā ļø Risk Management:
Use only 2-3% of your capital on this trade. Maintain strict discipline with stop loss. Adjust your position size based on risk-reward ratio.
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