OMUSDT – Quick Overview:
General Trend: Clearly short-term bullish
Price above EMA7 / EMA25 / EMA99 → This is a healthy and comfortable arrangement.
Current Movement:
Strong rise from ~0.0692 to 0.0742 then a slight natural correction (small red candle after the peak), no structural break.
Momentum:
The recent candles are strong, with no large lower wicks → No real selling pressure
Volume increased with the rise → Not a fake rally
Important Areas:
Nearby Support: 0.0728 – 0.0730 (EMA7 area)
Stronger Support: 0.0718 – 0.0720 (EMA25)
Nearby Resistance: 0.0743 – 0.0745
Likely Scenario:
✔️ Slight fluctuation/correction above 0.073
✔️ Then an attempt to retest 0.0745
❌ A clear break below 0.0718 is the only sign of weakness
Conclusion:
What is happening now is not a reversal but:
Rise → Pause → Possibility of continuation
This is an excellent example of:
Successful Fast / Medium Long
And a live explanation of the idea that a correction is not a drop as long as the structure is intact$OM
