OM/USDT is currently trading at $3.59, showing signs of consolidation after recent price action. Traders are watching key levels as momentum builds for the next move. Here's what to monitor:
Resistance: $3.65 – This level is proving to be a strong barrier. A breakout above this could signal a bullish move towards $3.80-$3.90.
Support: $3.50 – A critical support level where buyers have previously stepped in. If this level is broken, the price could test $3.40.
Bullish Strategy:
Watch for a breakout above $3.65 with strong volume. Enter long positions targeting $3.80, with a stop-loss at $3.50 to manage risk.
Bearish Strategy:
If the price fails to maintain above $3.50, consider shorting towards $3.40 or lower.
With volatility picking up, OM/USDT could be gearing up for a significant move. Keep an eye on these levels and trade smart to capitalize on the next big move!
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