technical analysis for $OMNI /USDT, including trade signals, target levels, and trade momentum:
Current Price: $9.99
24h High: $10.01
24h Low: $9.17
24h Volume (OMNI): 678,448.80
24h Volume (USDT): 6.48M
Key Support and Resistance Levels:
Support Level 1: $9.17 (previous low, strong support zone)
Support Level 2: $8.90 (psychological level and consolidation zone)
Resistance Level 1: $10.01 (previous high, immediate resistance)
Resistance Level 2: $10.40 (next resistance zone above the 24h high)
Trade Signal:
Trend: Bullish (6.50% increase in the last 24 hours)
Momentum: Positive (RSI and MACD show upward momentum)
Entry Signal: Buy near $9.90–$9.95 with a stop loss around $9.17 (24h low).
Exit Strategy: Sell near $10.20 (first target) and $10.40 (second target), aiming for higher levels if the trend continues.
Target Levels 🎯:
1. First Target: $10.20 – This is just below the previous high and a reasonable short-term target.
2. Second Target: $10.40 – A strong resistance level that aligns with previous price action and psychological resistance.
3. Third Target: $10.80 – If the bullish momentum continues, this level is a key resistance point for the medium term.
Trade Momentum:
Positive Momentum: The upward move by 6.50% in the last 24 hours suggests strong buying interest. The volume confirms increased activity.
Buy Zone: Near $9.90–$9.95, as the price is approaching the support level but still showing upward potential.
Sell Zone: Target around $10.20–$10.40 based on previous resistance levels.
Risk-Reward Ratio: Positive with the potential for at least 2:1 if targets are met.
Conclusion:
Buy Signal: When price stabilizes around $9.90 and shows continued upward movement.
Sell Signals: Sell near $10.20 (1st target) and $10.40 (2nd target) with an extended possibility to $10.80 if the momentum continues.
Make sure to monitor volume and any trend reversals as they could affect your strategy.