$OM Short Liquidation: $1.1862K Liquidated at $3.95387 – Bulls Unleash Power!
A major $1.1862K short liquidation at $3.95387 has sent shockwaves through the om market, pushing prices higher as bears are forced to cover.
The momentum shift signals a possible bullish breakout with traders on edge for the next big move.
Key Details:
Liquidation Amount: $1.1862K
Liquidation Price: $3.95387
Market Sentiment: Bullish pressure intensifies as the shorts get squeezed, signaling more upward potential.
What’s Next?
For Bulls:
Watch for a breakout above $4.00, a key psychological resistance. If this level holds, $OM could surge to $4.20 or higher.
Keep an eye on volume—strong buy-side action is essential to confirm this move.
For Bears:
Watch the $4.00 level closely. If rejection occurs, look for shorting opportunities with targets at $3.90 and $3.80.
Pay attention to signs of exhaustion and overbought conditions before re-entering the market.
Strategic Moves:
Long Entry: Enter above $3.95, targeting $4.10 and $4.20 if bullish momentum holds.
Short Entry: Look for rejection around $4.00 or failure to break higher before considering short positions.
Stop-Loss Recommendations:
For Longs: Place a stop-loss just below $3.90 to protect against a sudden reversal.
For Shorts: Set a stop-loss above $4.10 to limit losses in case of continued bullish strength.
$OM is charging upward—be ready for more fireworks! Position yourself carefully and ride the wave of momentum!