๐Ÿšจ $OM Day Trading Strategy โ€“ April 30, 2025

MANTRA (OM) is currently trading at approximately $0.4957, experiencing a 7.17% decline from the previous close. The intraday high reached $0.5378, while the low touched $0.4808.

๐Ÿ“‰ Current Price: $0.4957
๐Ÿ“ˆ Intraday High: $0.5378
๐Ÿ“‰ Intraday Low: $0.4808

$OM has experienced significant volatility recently, with a notable 90% drop on April 13, 2025, raising concerns about potential rug pulls or hacks.

๐Ÿ“Š Technical Overview:

Support Levels: $0.480, $0.460

Resistance Levels: $0.520, $0.540

Indicators:

RSI (14): 37.23 โ€“ indicating bearish momentum.

MACD (12,26): -0.036 โ€“ suggesting a bearish trend.

Williams %R: -100 โ€“ pointing to oversold conditions.

CCI (14): -221.35 โ€“ indicating strong bearish pressure.

Moving Averages: Price is trading below key moving averages, reinforcing the bearish outlook.


๐Ÿ“ˆ Intraday Trading Plan:


Long Entry: $0.480 โ€“ $0.490

Take Profit (TP): $0.520 โ€“ $0.530

Stop Loss (SL): $0.470


Short Entry: $0.520 โ€“ $0.530


Take Profit (TP): $0.490

Stop Loss (SL): $0.540



๐Ÿ“ฐ Market Insights:

Recent Volatility: The sharp decline earlier this month has led to increased caution among traders.

Technical Sentiment: Indicators suggest the asset is oversold, but caution is advised due to recent market behavior.




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#DayTrading