OM Short-term Battle Moment! Breakthrough or Pullback, How to Operate in the Market?

Current Price: 3.4411 USD

The current price of OM is 3.4411 USD, experiencing range fluctuations over the past 24 hours, rebounding from 3.35 USD to the current price. Overall market sentiment is slightly bullish, but trading volume has shrunk, indicating that the market has not fully determined the next direction. The current OM price is building short-term support around 3.40 USD. If the price can stabilize and break through this level, it may welcome new upward momentum; conversely, a pullback may occur to retest the support range.

From a technical perspective, the Relative Strength Index (RSI) of OM is close to 55, indicating that market sentiment is relatively neutral and has not significantly leaned towards bulls or bears. The Bollinger Bands are gradually narrowing, suggesting that there may be significant volatility in the short term. Once the current range is broken, the price is expected to respond strongly with sharp ups and downs.

Long Strategy:

Target Price: 3.55 USD - 3.60 USD

Stop Loss: 3.40 USD

If the OM price breaks through 3.45 USD and stabilizes at this level, the signal for going long will be further confirmed. At this point, the target can be set in the range of 3.55 USD to 3.60 USD. After the breakout, the price is expected to quickly break through the previous high, leading to further increases.

Strategy Details:

Entry Point: Enter long when the price breaks through 3.45 USD and stabilizes. Stop Loss: If the price falls below the 3.40 USD support, then stop loss. Target Price: 3.55 USD to 3.60 USD.

Short Strategy:

Target Price: 3.35 USD - 3.30 USD

Stop Loss: 3.50 USD

If the OM price fails to break through 3.45 USD and the price pulls back into the area below 3.40 USD, one can consider going short. The target for shorting can be aimed at the range of 3.35 USD to 3.30 USD, but if the price breaks above 3.50 USD, timely stop loss is required.

Strategy Details:

Entry Point: Enter short when the price falls below 3.40 USD and fails to break 3.45 USD. Stop Loss: If the price breaks above 3.50 USD, then stop loss. Target Price: 3.35 USD to 3.30 USD.$OM