If you're in a trade on $OSMO , you should know this ๐!
After a nice rise in the coin and increased demand, it has reached important resistance zones.
The trend is strongly bullish, and demand for it is increasing.
However, its momentum has started to weaken on lower timeframes, and it has entered overbought territory.
On the 30-minute timeframe, the price has formed a bearish divergence.
We could see a drop toward 0.051/0.05095 to ease the pressure building on the lower timeframes before the price resumes its upward move.
Upside targets for the coin: 0.05810/0.06/0.06500 ๐ข
Entering now is risky; itโs better to wait for a pullback ๐
After a nice rise in the coin and increased demand, it has reached important resistance zones.
The trend is strongly bullish, and demand for it is increasing.
However, its momentum has started to weaken on lower timeframes, and it has entered overbought territory.
On the 30-minute timeframe, the price has formed a bearish divergence.
We could see a drop toward 0.051/0.05095 to ease the pressure building on the lower timeframes before the price resumes its upward move.
Upside targets for the coin: 0.05810/0.06/0.06500 ๐ข
Entering now is risky; itโs better to wait for a pullback ๐