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Technical Analysis of #OSMO/USDT (4H)

Key Levels:

🛑 Support:

Level 1: $0.5461

Level 2: $0.4038

🚧 Resistance:

Level 1: $0.7109

Level 2: $0.8532

Long Recommendations:

1️⃣ First Buy Zone:

🔽 $0.5461: If the price corrects to this support level, it’s a strong point for entering a long position.

2️⃣ Resistance Breakout:

🚀 $0.7109: Upon breaking this level with strong volume, a long position can be opened with a target at $0.8532.

3️⃣ Retest of $0.5461:

🔄 If the price pulls back to $0.5461 after a rally and confirms this level as support, it’s a good entry point for longs.

Short Recommendations:

1️⃣ Sell Near Resistance:

💡 $0.7109: If the price reaches this resistance level and fails to break through, it may reverse. This is a good point for a short.

2️⃣ Support Breakdown:

🚨 $0.5461: If this support level breaks, a short position can be considered with a target at $0.4038.

Profit Targets:

1️⃣ Short-Term Target:

🎯 $0.6500: Ideal for quick profit-taking on a strong upward move.

2️⃣ Mid-Term Target:

🔄 $0.7109: Upon reaching this level, consider taking partial profits or exiting the position.

3️⃣ Maximum Target:

🚀 $0.8532: Final target for a strong upward trend.

⚠️ Stop-Loss Levels:

For Longs:

$0.5300 (below $0.5461 support).

For Shorts:

$0.7250 (above $0.7109 resistance).

Conclusion:

OSMO is showing signs of a strong bullish momentum, especially with the recent trading volume. However, corrections are possible. Enter trades only with confirmations at support levels or resistance breakouts.

📈 Manage your risks and always use stop-loss orders!

💸 Don’t miss out on your profit! 📈 Set your orders right now — click on the chart below! $OSMO 👇