Massive Action on $OM

A whopping $3.4348K worth of shorts just got liquidated at $4.0734.

What’s happening.

The short sellers underestimated the power of $OM bulls, and the price surged, taking out their positions above the critical liquidation level. This shows significant bullish momentum in the market.

Key Levels to Watch:

Resistance Zone: $4.10 - $4.20 (Potential profit-taking zone for bulls)

Support Zone: $3.85 - $3.90 (Strong buying interest seen here)

Next Target for Bulls: $4.50 (if momentum sustains)

Technical Analysis Insight:

The market is heating up with increased volatility, indicating possible continuation towards higher levels if resistance at $4.10 is cleared.

For those planning to trade:

Buy Zone: $3.85-$3.90

Target 1: $4.20

Target 2: $4.50

Stop-Loss: Below $3.75

Pro Tip: Stay alert as the market could flip quickly! Use proper risk management to ride the waves.

Will $OM continue to crush shorts, or will the bears strike back.

Let’s find out.

#OM/usdt #BinanceAlphaAlert #USJoblessClaimsDrop #OnChainLendingSurge #AIMarketCapDip