$OSMO Feb-08-25
#Spot Strategy:
* Short-Term: Buy OSMO on a break above the 0.4924 resistance level. Set a stop-loss below the recent low.
* Long-Term: Buy OSMO on a sustained break above the 0.5 Fibonacci retracement level and the 200-day moving average.
Reasoning:
* The price is currently trading above the 0.4924 support level, which was previously identified as a resistance level. This suggests a bullish reversal.
* The RSI is still below 50, but it is showing signs of bullish divergence, which could indicate a potential upward move.
Remember: This is just one possible interpretation of the chart. The market can be unpredictable, and past performance is not indicative of future results. Always do your own research and consult with a financial advisor before making any investment decisions.
I provided here is for educational purposes only and should not be considered investment advice.
