$OM USDT Holding Structure – Accumulation Before Next Breakout?
OMUSDT is currently trading around 0.0630, up approximately 5.5% on the day, with a 24h high at 0.0700 and strong volume activity. After a sharp impulsive rally from the 0.0550 zone toward 0.0700, price experienced a healthy correction and is now consolidating on the 15-minute timeframe.
Technical Analysis
Key Resistance: 0.0660 is the immediate intraday resistance, followed by the major psychological and structural resistance at 0.0700. A strong breakout above 0.0700 could trigger momentum continuation toward 0.0750.
Key Support: Immediate support is forming near 0.0620. Stronger demand sits around 0.0600 and 0.0580, which previously acted as breakout zones.
Momentum Structure: The strong vertical impulse suggests RSI likely entered overbought territory during the spike, followed by cooling during consolidation. This type of structure often resets RSI without breaking market structure. If MACD remains above the signal line on lower timeframes, bullish continuation remains valid.
Market Sentiment
Short-term sentiment is Neutral to Bullish. The aggressive pump shows buyers are active, but the current sideways movement indicates temporary balance between buyers and sellers.
Strategy
Trade Approach: Wait. Avoid entering in the middle of consolidation. Consider breakout confirmation above 0.0700 with strong volume, or a pullback entry near 0.0600 support for better risk-reward. Patience is key in volatile conditions.
Are you expecting OM to retest 0.0700 soon, or will we see a deeper pullback first?
Not Financial Advice (NFA). Always manage your risk carefully.
