$OM is showing a sharp impulsive breakout from the 0.0449 lows, followed by controlled consolidation near 0.0620. The initial expansion came with strong volume, confirming aggressive buyer interest. After tapping 0.0705, price cooled off and is now building a tight base — signaling absorption rather than immediate reversal.
Trade Setup (Long):
Entry: 0.0590 – 0.0625
Targets: 0.0665 — 0.0705 — 0.0750
Stop-Loss: 0.0545
Price is holding above short-term support while forming small-bodied candles, indicating reduced selling pressure. RSI sits near mid-range, leaving room for another push upward. MACD momentum is flattening, suggesting a potential reset before continuation.
As long as 0.0580 holds, bullish structure remains intact. A strong reclaim of 0.0660 can trigger momentum toward the recent high and beyond.
Stay disciplined, protect downside, and execute with precision. 🚀🔥
