Hey Good afternoon buddies Em wanna share my prediction for $OM As #OM Eyes $3.62 Support What’s Next for Bulls and Bears?
Ontology ($OM) is trading at $3.87, slightly down 1.15% after hitting a high of $3.94. The price action hints at a pivotal moment, with key levels dictating its next move.
Critical Levels to Monitor:
1. Support Zone:
$3.80: Currently acting as immediate support. If this holds, a recovery may be possible.
$3.62: A major level to watch for a potential breakdown if bearish pressure increases.
2. Resistance Levels:
$3.94: The first resistance bulls need to reclaim.
$4.13: The next barrier for sustained bullish momentum.
Trade Setup:
Long Trade:
Entry: Above $3.90
Targets: $4.00, $4.13
Stop-Loss: $3.75
Short Trade:
Entry: Below $3.80
Targets: $3.70, $3.62
Stop-Loss: $3.90
Market Insight: OM’s current consolidation reflects cautious sentiment among traders, with volume showing mixed activity. A breakout above resistance could bring renewed bullish interest, while a breach below support may trigger further declines.
Stay focused and adapt quickly market movements could heat up soon...