$OM /USDT Testing Key Resistance with Potential for Upside Breakout馃搱馃挴馃敟
The summary of $OM
/USDT trading data:
Current Price: $3.9533
Price Change (24h): +0.41%
24h High: $4.2057
24h Low: $3.6755
24h Volume (OM): 21.39M OM
24h Volume (USDT): 85.29M USDT
Current Timeframe: 15m (Up by 0.79%)
Key Levels:
Support (Potential Entry Zone): $3.675 - $3.70 (near 24h low and support zone)
Resistance (Potential Exit Zone): $4.10 - $4.20 (near 24h high and resistance zone)
Entry Strategy:
Long Entry: A potential long position could be considered if the price holds above $3.70 and shows signs of upward momentum. If the price breaks above $4.00, the next target is $4.10 - $4.20.
Exit Strategy:
Profit Target (Exit): Consider taking profits around $4.10 - $4.20, where the price is likely to face resistance. If the breakout above $4.20 is sustained, the next target could be around $4.30.
Stop-Loss: Set a stop-loss below $3.65 to manage downside risk, ideally at $3.60.
Sentiment:
Neutral to Bullish: The price has shown a mild upward move of 0.79% in the 15-minute timeframe, suggesting potential for further upside if the price holds above $3.70.
Bullish Potential: A breakout above $4.00 and further movement towards $4.20 could lead to a more bullish sentiment.
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