🚨 Red Alert! OM/USDT Bearish Divergence?! 📉 Time to Be Cautious! 🐻
What's up, Crypto Crew! 🕵️♂️ Taking another look at the OM/USDT chart, and we're spotting a potential bearish divergence on the 1-hour timeframe! 😬 This happens when the price is making higher highs, but the indicator (not shown in this view, but trust me!) is making lower highs. This can signal weakening upward momentum and a potential trend reversal. 🚩
Notice how the price has pushed slightly higher, but the buying volume seems to be decreasing (look at those smaller green bars at the bottom). This lack of strong buying pressure could support the bearish divergence theory. 🤔 The 7 and 25 MAs are still intertwined, suggesting indecision in the market.
⚡️ Spot Trade Signal:⚡️ Exercise caution with current long positions. Consider taking some profits or tightening your stop-loss. A break below the recent low (around $0.37) could confirm the bearish divergence and lead to further downside. Keep your eyes peeled! 👀
Trade here: $PEPE
