$OM Here's an analysis for (Mantra) with details on potential buy zones, targets, and stop-loss based on the given liquidation data.
Current Situation.
Long Liquidation. $16.834K at $3.73935 indicates heavy liquidation at this price level.
Price Action. The market is likely to see some volatility, with increased selling pressure near this zone.
Potential Strategy for $OM.
1. Buy Zone (Entry Point).
Primary Buy Zone: $3.70 - $3.75 (Wait for a dip close to this range).
Alternative Buy Zone: $3.60 - $3.65 (Stronger support level for better risk-reward).
2. Targets (Profit Levels).
Target 1: $3.85 (Short-term resistance).
Target 2: $3.95 (Mid-term target).
Target 3: $4.10 (Long-term target if momentum continues).
3. Stop-Loss (Risk Management).
Set Stop-Loss: $3.55 (Below key support level).
Additional Observations.
1. Volume Levels. Monitor trading volumes. A rise in volume near $3.75 could indicate strong buying interest.
2. RSI (Relative Strength Index). If RSI is below 30, it may indicate oversold conditions, signaling a potential reversal.
3. Market Sentiment. Keep an eye on broader market trends and news affecting $OM to ensure no unexpected events impact the price.
Key Notes.
Use limit orders for entries near buy zones.
Adjust targets and stop-loss based on market momentum.
Avoid overleveraging to reduce risks from sudden price fluctuations.
Let me know if you'd like further clarification or updates based on live data.
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