$OM /USDT kept a strong support!!🔥💯(1 Hour)
Technical Overview:
The OM/USDT pair shows a sharp rejection near the $3.54 level, highlighted by the long wick in the candle, indicating strong buying momentum. The price is consolidating within a narrow range after this recovery, suggesting accumulation before the next significant move.
Next Move:
If the bullish momentum sustains, the immediate target lies at $3.75, followed by the $3.95 resistance zone. However, if sellers regain control, a retest of $3.54 or lower towards $3.48 is possible.
Trade Opportunities:
• Long Entry: Above $3.65 with targets at $3.75 and $3.95. Suggested stop loss at $3.60.
• Short Entry: Below $3.60 with targets at $3.54 and $3.48. Suggested stop loss at $3.65.
Key Insight:
The market is in a critical consolidation phase. Traders should wait for a breakout confirmation before entering large positions. Tight risk management is advised, given the volatile nature of the range-bound price action.