$OM is making magnificent moves in the market 😀
$OM is trading at $3.8731, up 13.47% in the last 24 hours. The price has displayed strong bullish momentum, testing resistance at $3.9500. Immediate support lies at $3.8000, suggesting potential for either consolidation or further upside.
Key Levels:
Resistance: $3.9500
Support: $3.8000
Potential Scenarios:
A breakout above $3.9500 could push OM toward $4.1000 and beyond.
A breakdown below $3.8000 might lead to a retest of $3.7000.
Trading Strategy:
Long Entry: Above $3.9500 with targets at $4.1000 and $4.2500.
Short Entry: Below $3.8000 with a target of $3.7000.
Stop Loss: Below $3.8000 for long positions or above $3.9500 for short positions.
OM is maintaining bullish pressure, indicating a potential breakout. Monitor for confirmation.
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