🚀 OM Long Setup Attention 📈
Trading Plan:
Bias: Long
Entry: 0.0730 - 0.0765
Stop Loss: 0.0649
Take Profit 1–Take Profit 3: 0.0880 / 0.1050 / 0.1500
Technical Analysis:
On the daily chart, the price shows potential bottoming signs after a long-term downtrend. Recently, the price has surged with significant volume, breaking through a long-term consolidation area. Currently, the price is testing previous resistance around the 0.0700 area as new support. Confirmation signals include massive buying volume, indicating strong institutional interest, while the MACD indicator is forming a bullish crossover, and the RSI has also entered a strong territory, suggesting that upward momentum is building.
Invalidation Conditions:
This bullish setup will only be invalidated if the daily closing price effectively drops below 0.0649 USD.
