【$OM Signal】Long - 1H pullback confirmation after strong breakout on 4H

The 1H timeframe experienced a healthy correction after surging to 0.067. Currently, the price stabilizes around 0.0637, with the 1H EMA20 $OM 0.0614( providing dynamic support. The 4H timeframe is even more bullish, having just completed a volume breakout of the previous consolidation zone, with EMA20 )0.0596( and EMA50 )0.0567( forming a bullish alignment. The current price is in the pullback confirmation stage after the breakout, making it an excellent opportunity for a second entry.

🎯Direction: Long )Long(

🎯Entry/Order: 0.0635 - 0.0640 )Reason: 1H candlestick retracement confirms the zone, closely aligned with current order book(

🛑Stop Loss: 0.0613 )Reason: Break below 1H EMA50 support and the previous 1H candlestick low(

🚀Target 1: 0.0672 )Reason: Previous high resistance level, also the previous top on the 1H timeframe(

🚀Target 2: 0.0700 )Reason: Based on the recent rally’s 1.272 Fibonacci extension level(

🛡️Trade Management:

- Position Size: Standard lot )Reason: Clear upward trend on 4H, healthy correction on 1H(

- Execution Strategy: After reaching Target 1, reduce position by 50%, and move the stop loss of the remaining position to the entry price (break-even). If the price strongly breaks above 0.0672 and stabilizes, consider targeting 0.0700 for the remaining position.

Deep Logic: Data supports strong backing. 1) Open interest (OI) remained stable during significant price increases, indicating not just short covering but potential new long capital entering. 2) Funding rate is high at -0.1691%, suggesting strong potential for a short squeeze, with high costs for shorts. 3) On the 4H candlestick, the last three bullish candles have enlarged bodies, and the buy/sell ratio repeatedly exceeds 0.5, showing active buying by major players. The current 1H RSI )62.37( has retreated from overbought territory to a healthy zone, preparing for further upward movement.

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