OMUSDT.P trade ideas
OMUSDTmy entry on this trade idea is taken from a point of interest below an inducement (X).. I extended my stoploss area to cover for the whole swing as price can target the liquidity there before going as I anticipate.. just a trade idea, not financial advise
Entry; $6.16194
Take Profit; $6.36209
Stop Loss; $6.09760
OMUSDT → Paranormal behavior. Rally readinessBINANCE:OMUSDT as a whole looks stronger than the market. After a strong rally a correction in the format of a bearish wedge is formed, subsequently the price broke the resistance and is trying to consolidate above the key support
Against the background of a weak market OM coin has good prospects as technically someone is interested in this project and the coin as a whole behaves strongly and looks stronger than the market.
A breakout of the bearish wedge (consolidation pattern within the correction) is forming. If the bulls keep the coin above the previously broken figure resistance and above the base of the 6.752 reversal pattern, the growth may continue in the short to medium term
Resistance levels: 7.39, 7.98
Support levels: 6.752, 6.51
One of the few coins that is rising while bitcoin is falling. Focus on the previously mentioned support levels, as well as on the local resistance 7.05, the break of which may provoke a prolongation of growth
Regards R. Linda!
$OM RSI at 91 – Time to Take Profits? BINANCE:OMUSDT FUTURE – WHERE DO WE GO FROM HERE?
With RWA tokenization booming, analysts predict BINANCE:OMUSDT could see:
🔹 More adoption from institutions
🔹 Increased staking & DeFi integrations
🔹 Price appreciation as supply tightens
Bullish or bearish for 2025? Drop your takes