đĽ $OM Short Liquidation Alert!
A massive short liquidation of $7,413.7 happened at a price of $4.23255! This signals a potential shift in the market as sellers are forced out, and buyers could take over. Get ready for some action!
Whatâs Next?
Hereâs a strategic plan for $OM based on the current market scenario:
Buy Zone:
Look to enter around $4.20 - $4.25, where strong demand could build up after liquidation.
Target Zones:
1. First Target: $4.50 (short-term bounce)
2. Second Target: $4.75 (next resistance level)
3. Third Target: $5.00 (psychological resistance)
Stop Loss:
Place a stop loss below $4.10 to limit risks if the trend reverses unexpectedly.
Market Sentiment:
Bullish Sign: Liquidation of shorts can create upward momentum.
Risk: Watch for a fake breakout below $4.20.
Keep your eyes on volume and momentum indicators! A breakout with high volume will confirm the uptrend. Stay cautious but ready to ride the wave.
Trade wisely! Markets can be unpredictable, so always manage risk effectively.
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