Technical analysis by The_Bro_Analysis about Symbol OM: Buy recommendation (3/5/2025)

The_Bro_Analysis

OMUSDT is nearing completion of its bullish flag pattern, with the following confluence:1. FVG Gap filled in confluence with .386 - .5 fib retracement level.2. Decreasing volume on a pullback3. Daily Stochastic RSI has bottomed out, and is about to flip towards the upsideAlso, metrics show:4. Margin long/short ratio on Spot steadily increasing from a low of 0.02 last Feb. 24, and is currently at 1.04 (borrowed long > borrowed short)5. Futures long/short ratio increasing, currently at 0.62 from 0.17 last Feb. 166. Decreasing on exchange supply with significant Spot OM token withdrawn from exchange in the last weekThings to note:7. Daily RSI is been cooling down, currently at 52.99 from an Overbought level of 77.21 last Feb. 23 during ATH price of 9.1051, signaling a continuation of uptrend8. Daily MACD is currently bearish, with increasing strength, supporting the current short term pullback.If the price of OMUSDT will breakout from its current bullish flag pattern, next target is set at around 12.24 - 13.14, between the height of the current pole and extended fib level of 2.618https://www.tradingview.com/x/ILaJrF6P/