Current Price: $4.7471 Key Resistance: $4.8000 - $4.8500 (Strong supply zone) Entry Area: $4.7800 - $4.8000 (Look for rejection or bearish confirmation) Target 1: $4.6000 (First support level) Target 2: $4.4000 (Stronger support) Stop Loss: $4,9000 (Above resistance) Trade Detail ✅ Wait for a bearish rejection at $4.7800 - $4.8000 before entering. ✅ Rejection at the resistance level could push the price towards $4,600 and $4,400. ✅ Monitor the 4H & 1H charts for confirmation with volume analysis. ✅ If the price breaks above $4.9000, exit to minimize risk. Risk Management 🔹 Maintaining a risk-reward ratio of 2:1. 🔹 Adjust stop loss if the price consolidates near resistance. Momentum Indicator 📉 RSI near overbought could be a sign of exhaustion. 📉 Decreasing volume at the resistance level strengthens the bearish tendency. Pro Tip 🚨 Watch the movement of BTC, as sudden volatility can affect $OM. Remain vigilant and trade safely! 🚀
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Current Price: $4.7471
Key Resistance: $4.8000 - $4.8500 (Strong supply zone)
Entry Area: $4.7800 - $4.8000 (Look for rejection or bearish confirmation)
Target 1: $4.6000 (First support level)
Target 2: $4.4000 (Stronger support)
Stop Loss: $4,9000 (Above resistance)
Trade Detail
✅ Wait for a bearish rejection at $4.7800 - $4.8000 before entering.
✅ Rejection at the resistance level could push the price towards $4,600 and $4,400.
✅ Monitor the 4H & 1H charts for confirmation with volume analysis.
✅ If the price breaks above $4.9000, exit to minimize risk.
Risk Management
🔹 Maintaining a risk-reward ratio of 2:1.
🔹 Adjust stop loss if the price consolidates near resistance.
Momentum Indicator
📉 RSI near overbought could be a sign of exhaustion.
📉 Decreasing volume at the resistance level strengthens the bearish tendency.
Pro Tip
🚨 Watch the movement of BTC, as sudden volatility can affect $OM.
Remain vigilant and trade safely! 🚀
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