š $OSMO /USDT Technical Analysis | Trade Signal šÆ
š¹ Current Price: $0.6298
š Trend: Strong Bullish Momentum
š Key Levels:
Support: $0.5800
Resistance: $0.6465 (24h High)
š Analysis:
OSMO/USDT has shown impressive bullish momentum, with a sharp recovery from its 24h low of $0.4783 to a high of $0.6465. The price is trading above major moving averages on shorter timeframes, indicating strong buyer interest.
The RSI is nearing overbought levels, suggesting some resistance at $0.6465, but the upward momentum could push the price higher if it breaks this level.
š Trade Signal:
Entry Zone: $0.6100 - $0.6300
Targets šÆ:
šÆ Target 1: $0.6500
šÆ Target 2: $0.6750
šÆ Target 3: $0.7000
Stop-Loss: $0.5800 (below the support zone)
ā” Trade Momentum:
Short-Term: Bullish š
Mid-Term: Neutral to Bullish
Long-Term: Await confirmation of breakout above $0.7000
š Strategy:
If the price breaks $0.6465 with volume, it may aim for $0.7000. Watch for pullbacks to the $0.6100-$0.6300 range for re-entry opportunities.
š Risk Note: Always manage your risk and stick to your stop-loss levels!