Almost 90% trader's are worried due to #OM crash ..... $OM One of the Most Brutal Drops in 2024… Is This the Bottom❓$OM has crashed a jaw-dropping -88.80% in just 24 hours, dropping from $6.35 to as low as $0.3700, now slowly stabilizing near $0.7056.
This wasn’t just a dip it was a capitulation event. And often, from maximum fear comes maximum opportunity.
Technical Snapshot:
– RSI(6): 16.70 – deeply oversold
– Stoch RSI: 96.76 – trying to reverse from overbought bounce
– Support held at $0.37
– Weak recovery forming with small green candles
Trade Setup (High Risk, High Reward):
Entry Zone: $0.68 – $0.72
Target 1: $0.95
Target 2: $1.20
Final Target: $1.50
Stop Loss: Below $0.59
This is a highly volatile zone. If #OM holds above $0.68 and breaks $0.80, short-covering could spark a fast bounce. Volume remains elevated, and RSI signals extreme exhaustion.
This is not for over-leveraged traders. But for those willing to bet small on fear, this zone offers potential for short-term recovery gains.
Stay sharp. Stay strategic. This chart will write a story just don’t be on the wrong side of it.