This chart shows the OM/USDT pair with key price levels and volume data. To predict the next move:
Key Support and Resistance Levels:Resistance near 4.52 (previous high).
Support around 3.16 (marked by horizontal levels).
Current Trend: The price has recently dropped from its high, and the momentum appears to be bearish.
Volume Analysis: There was a notable spike in volume during the recent drop, indicating strong selling pressure.
Potential Next Moves:
Bearish Scenario: If the price fails to hold above 3.92 (current level), it may test the support near 3.16. A break below this could lead to further downside.
Bullish Scenario: A bounce from current levels with increased volume could lead to a test of the resistance near 4.52.
Strategy:
Watch for candlestick patterns and volume near support/resistance levels.
Use a stop-loss below support if going long, or above
