Technical Analysis of OM/USDT Chart:
A descending triangle breakout is visible, signaling a bullish reversal.
Key levels:
Support: $3.30–$3.50.
Resistance: $4.00–$4.50 and $6.00 (target based on breakout projection).
Volume increased during the breakout, confirming its validity.
The price is retesting the breakout trendline, a common bullish indicator.
Scenarios:
Bullish: Hold above $3.50 could target $4.00–$4.50 and eventually $6.00.
Bearish: Falling below $3.50 may invalidate the breakout, targeting $3.20 or lower.
Trading Plan:
Entry near $3.50 or after confirmation above $4.00.
Stop-loss below $3.20.
Targets: $4.00–$4.50 (TP1), $6.00 (TP2).
Manage risk by not exceeding 1–2% of capital.
