$OVL USDT

Market Overview

OVL is showing strong bullish intent after a sharp recovery move. Price has reclaimed key intraday levels with expanding volume, indicating fresh interest from short-term traders. Momentum is positive, but price is approaching a local supply zone where reactions are expected. Overall structure favors continuation as long as higher lows are protected.

Key Support Levels

Primary Support: 0.0640 – 0.0625

Major Support: 0.0590

These zones are important for pullback entries and trend validation.

Key Resistance Levels

Immediate Resistance: 0.0725 – 0.0740

Major Resistance: 0.0780

A clean break and hold above 0.0740 can open the door for an impulsive move.

Trader Targets

Conservative Target: 0.0720

Mid-Term Target: 0.0755

Extended Target: 0.0800 – 0.0830

Targets should be adjusted based on volume confirmation and overall market strength.

Trade Bias

Bullish above 0.0640

Bearish only if price loses 0.0590 with strong selling pressure.

Pro Tips

Trade pullbacks instead of chasing green candles.

Wait for confirmation near resistance before entering breakout trades.

Always use a tight invalidation level below support to protect capital.

If BTC shows volatility, reduce position size as OVL may react sharply.

Partial profit booking near resistance helps lock gains in fast-moving markets.

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