$OM /USDT: A Bullish Rebound or a Trap? Crucial $3.95 Zone in Focus!
$OM /USDT is currently trading at $3.95, recovering from the recent low of $3.83. The price has shown resilience, bouncing back toward a critical resistance at $4.00. A breakout above this level could signal a short-term bullish rally, with targets set at $4.02, $4.05, and $4.08. However, failure to sustain above the immediate support at $3.93 could lead to a retracement toward $3.90 or lower. A stop-loss at $3.89 is recommended to manage downside risk.
With RSI hovering near 41, the market sentiment appears neutral but leaning toward a recovery phase. This setup provides a potential trading opportunity, but traders should proceed cautiously, watching how OM performs near its resistance and support zones. Stay alert for sudden moves as momentum builds up!