🚨 $OM /USDT ALERT on the 1-Hour Chart 🚨
OM/USDT is showing strong upward momentum, breaking through recent resistance levels and hitting a high of 1.7000. The coin has rallied significantly, currently trading around 1.6555 after a brief pullback from its peak, indicating potential continued interest from buyers.
Current Price: 1.6555
Entry Price for Long Trade:
Consider entering around 1.6500 if the price stabilizes here.
Critical Levels to Watch:
Resistance: 1.7000 – If OM breaks this level with momentum, expect further bullish action.
Support: 1.5908 – This level should hold for the uptrend to stay intact. A break below could indicate weakening momentum.
🎯 Take-Profit Targets:
1. TP1: 1.6800 – Near-term resistance that could see selling pressure.
2. TP2: 1.7200 – If bullish momentum sustains, this is the next target.
3. TP3: 1.7500 – Key level for potential higher gains.
🛑 Stop Loss:
Set a stop loss around 1.5900 to protect against potential downside risk.
⚠️ Caution:
Traders should watch for stability above 1.6500 to confirm continuation. A failure to break 1.7000 could lead to a short-term pullback. Be alert to volume and price action signals to gauge the strength of a possible breakout or reversal.
