$OM Long Liquidation: $7.0256K at $3.62312

A $7.02K long liquidation at $3.62312 indicates strong selling pressure, pushing bulls out of the game. This could mark a shift in momentum or just a temporary dip. What's next for $OM ? Let’s break it down.

Key Levels to Watch:

Support Zone:

$3.5800–$3.6200: If the price holds above this zone, it may signal consolidation before another move.

Resistance Zone:

$3.6800–$3.7000: A breakout above this level can revive bullish momentum.

Trend Momentum:

The liquidation suggests bears are in control. Watch for signs of reversal or continuation depending on volume and market sentiment.

Next Moves for Traders:

For Buyers:

Buy Zone: $3.5800–$3.6200. Look for accumulation near support.

Targets:

Target 1: $3.6800

Target 2: $3.7500

Stop-Loss: $3.5500 to manage risk.

For Sellers:

If price struggles to reclaim $3.6800, consider shorting with a target back to $3.5800.

Use a stop-loss above $3.7000 to protect against a breakout.

For Scalpers:

Trade between $3.6000 and $3.6800 for quick profits. Watch for breakout signals to adjust strategy.

Pro Tip:

Volume Is Key: Low volume near support might lead to further drops, while strong buying volume could signal recovery.

Patience Pays: Don’t rush; let the price action confirm the trend before committing.

$OM is at a critical point—trade carefully and stay focused!

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