The $OM/USDT pair is currently trading at 2.2408 on the 15-minute chart, showing a solid 34.66% increase over the last 24 hours. After touching a high of 2.7554, the price has retraced to its current level, with crucial support around 2.1850.
Key Levels to Watch:
- Support: 2.1850
- Possible Entry: Around 2.2300
- Profit-Taking Targets: 2.2700, 2.3200, 2.3700
- Stop-Loss: 2.1800
Technical Indicators:
- The RSI near 39 suggests potential for a price bounce, indicating the pair may be oversold in the short term.
- The MACD is showing signs of consolidation, with momentum slowing but not yet reversing.
Trade Strategy:
Consider entering near 2.2300 with profit-taking levels at 2.2700, 2.3200, and 2.3700. Ensure a stop-loss is set at 2.1800 to limit downside risk. Keep a close eye on price action for signs of a breakout above resistance or a continuation of the consolidation phase.
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