RSI plummeted to 22! How much longer will Mantra fall?

OM dropped by 15%, selling pressure is overflowing, and the RSI has directly breached the "oversold" bottom line, hitting a low of 22. Normally, this would be a rebound signal, but the problem is: the bulls don't dare to step in, and the sellers are still in control, making it difficult for a rebound to find its rhythm.

The "death cross" between the short-term and long-term EMA is more severe, and even the 9-day moving average hasn't been reclaimed; short-sellers are even treating this moving average as a dynamic "defense line," meaning: if you dare to go up, I'll smash it down.

Although the MACD has started to narrow, and the histogram has also contracted, the overall reading is still negative; for the helm to reverse, it needs a stronger trading volume stimulus.

The next critical level is 0.359; if it cannot be held, there is a possibility of dropping to 0.21 or even 0.09 USD; however, if a bottom structure + RSI divergence can be formed around this area, it would present an opportunity for a short rebound.

Strategy suggestion:

For short-sellers: Focus on the 0.406-0.420 range; if it can't go up, this is a chance to sell off, with a stop loss set above the 9 EMA.

For bulls: Wait for clear signals near 0.359 before entering, with a short-term target of 0.47 and a strict stop loss set below 0.35.