$OM just collapsed blood on the charts, panic in the air!
$OM plunged from $7.40 to as low as $0.37, now struggling to hold above $0.61 marking a devastating -90% drop in days. RSI(6) is crushed at 7.93, signaling extreme oversold territory.
While a dead cat bounce is possible, bulls face major resistance near $0.92. Until a strong recovery confirms, caution remains the name of the game. Don’t try to catch a falling knife without a plan.