The 15-minute chart for $OM /USDT displays a strong upward trend with the price currently at 1.6214, reflecting an 11.89% increase.
After reaching a recent high of 1.6574, $OM has slightly pulled back, yet it remains in a bullish position, suggesting potential for further gains if buying momentum persists.
Key levels to monitor include resistance at 1.6574, where a breakout could push the price higher. The support level is at 1.5001, which could serve as a stabilizing zone if the price retraces. For traders considering entry, 1.6200 offers a potential entry point with take-profit targets at 1.6400, 1.6600, and 1.6800, allowing for incremental profit-taking.
To manage risk, a stop-loss around 1.5800 is recommended in case the price shifts downward, protecting against unexpected volatility.
This setup balances upside potential with controlled risk, suitable for those aiming to capitalize on the current bullish momentum.