$OM Long Liquidation Alert: $69.2K at $3.450
A massive $69,200 long position just got liquidated at $3.450, sending shockwaves through the market.
This event marks a key moment in #OM’s price action, highlighting significant volatility.
What Happened?
The liquidation reflects increasing market pressure, likely due to an unexpected downturn.
Large liquidations often spark further price movements, creating potential for both new opportunities and increased risk.
What’s Next for $OM ?
Bearish Move:
If the downtrend continues, #OM may test the next support zone at $3.300 or $3.200.
Bullish Opportunity:
A bounce above $3.500 could indicate that buyers are stepping in, aiming for $3.600 and beyond.
Suggested Strategy:
For Risk-Takers:
Look for buying opportunities near $3.300 or $3.250, but use tight stop-losses in case of further declines.
For Cautious Traders:
Wait for a strong breakout above $3.500 to confirm that bullish momentum is taking over.
Stay alert—$OM could see explosive moves in either direction!