âđ $OM
Setup: Support Holding Strong â Ready for the Next Leg Up?
â$OM is showing high-conviction signs of stabilization. After the rejection from the 0.072 peak, the price is now forming a tight consolidation cluster right on the MA25 support line.
âThe hourly candles are printing significant rejection wicks at this level, signaling that buyers are stepping in and the selling pressure has faded. We are likely "loading" for a fresh surge to challenge overhead resistance.
âđ Trade Details:
âEntry Zone: 0.06450 â 0.06660
âTargets (TP): 0.07100 â 0.07600 â 0.08200
âStop Loss (SL): 0.05900
âđ Why this looks Bullish:
âMoving Average Support: Holding the MA25 is a key indicator of trend health.
âExhaustion of Sellers: Volume profile suggests the profit-taking from the local top is exhausted.
âRisk/Reward: Entering near the support line allows for a tight SL with high upside potential.
âTrade $OM with discipline. Watch the volume on the breakout! đđ
âNabiha Noor
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