Market Alert: Massive $OM Short Liquidation at $3.53311
A short liquidation of $1,345.1K just occurred at $3.53311, signaling a dramatic shift in momentum for $OM.
Bears have been squeezed out, hinting at strong buying pressure and potential upside ahead.
Key Insights:
This liquidation indicates significant whale activity, with over $1.3 million worth of short positions forced to close.
$OM's price has breached a critical level, suggesting that bullish sentiment is overpowering sellers in the short term.
The $3.50 level now acts as a crucial support zone, as traders assess the potential for further upward movement.
Suggested Next Move:
1. For Long Traders: Ride the momentum, but stay alert for resistance near the $3.60 - $3.65 range.
A breakout above $3.65 could push $OM towards $3.80 or higher.
2. For Short Traders: Avoid immediate re-entry; the market is too volatile.
Wait for clear signs of rejection at key resistance levels before considering short positions again.
3. For Observers: Watch the $3.50 support closely.
If buyers fail to hold this level, the trend may reverse, offering opportunities for both bulls and bears.
The $OM market is heating up, and sharp moves are likely.
Stay disciplined and manage your risk as volatility surges!