$OM: Building a New Base or Just Another Dead Cat Bounce?
Right now, Mantra ($OM) is trading at $0.418, down about 3.6% in the past 24 hours. After dropping more than 90% from its all-time high, traders are asking:
Is this the real bottom, or just another bull trap?
Key technical signals:
• RSI is in the oversold zone
• TD Sequential shows a buy signal on the daily chart
• But long-term moving averages still suggest a bearish trend
Short-Term Trade Setup (Scalp/Swing Idea)
• Entry Zone: $0.40 – $0.42
• Take Profit (TP): $0.46 – $0.50
• Stop Loss (SL): below $0.38
If the price can break and hold above $0.46 with strong volume, the next potential target is $0.60.
This strategy is for short-term traders — the volatility is high, so risk management is crucial.
What about you? Buying $OM at $0.418 or waiting for confirmation? Let’s discuss in the comments.#NewsTrade #TradeOftheWeek
