$OSMO is up 22% on the day, and after a sharp vertical expansion it's now digesting gains in a tight range instead of giving them back.
Price is basing above 0.0511 with a fresh green close, which keeps the post-spike structure constructive.
EP
0.0525 - 0.0545
TP
0.0560
0.0610
0.0649
SL
0.0505
The impulse out of the 0.0422 base ran straight into 0.0649, where a long upper wick marked heavy profit-taking and a liquidity grab above the range. Since then, price has pulled back into 0.0511-0.0540 and compressed, with sellers failing to push through the lower wicks. That compression under 0.0560 is the key reaction zone, and a reclaim there would flip supply into support and open 0.0610. A 1h close below 0.0505 would break the base and invalidate the idea.
Are you expecting $OSMO to retest the 0.0649 high, or do you see one more dip into 0.0511 first? Drop your target below.
Let's go $OSMO
Price is basing above 0.0511 with a fresh green close, which keeps the post-spike structure constructive.
EP
0.0525 - 0.0545
TP
0.0560
0.0610
0.0649
SL
0.0505
The impulse out of the 0.0422 base ran straight into 0.0649, where a long upper wick marked heavy profit-taking and a liquidity grab above the range. Since then, price has pulled back into 0.0511-0.0540 and compressed, with sellers failing to push through the lower wicks. That compression under 0.0560 is the key reaction zone, and a reclaim there would flip supply into support and open 0.0610. A 1h close below 0.0505 would break the base and invalidate the idea.
Are you expecting $OSMO to retest the 0.0649 high, or do you see one more dip into 0.0511 first? Drop your target below.
Let's go $OSMO