"OM price fluctuates, will it break through or pull back next?"

The current OM price is 3.8272, with a daily decline of 1.87%, and a clear high-level fluctuation pattern.

Support level: 3.7971, 3.5851

Pressure level: 4.0494, 4.6319

Technical analysis:

OM is currently fluctuating near the short-term moving average, and the price maintains a narrow range of fluctuations. MACD is close to the zero axis, the momentum is insufficient, and the direction is still unclear. If the price breaks through 4.0494 upward, it is expected to challenge the strong pressure level of 4.6319; if it falls below the support of 3.7971, it may further pull back.

Strategy recommendations:

• Short-term aggressive investors can try to arrange long orders near the support of 3.7971, with the target at 4.0494 and the stop loss set below 3.7700.

• If the price falls below 3.7971, it is recommended to short, with the target at the support level of 3.5851 and the stop loss set above 3.8200.

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