$OM – SHARP REJECTION OR HIDDEN OPPORTUNITY?

A sudden red engulfing candle hits just as $OM looked ready to break above $0.2850! 📉

This sharp rejection signals a strong sell-off — but is it a trap or the start of a deeper correction?

📊 Technical Snapshot:

Price surged into local resistance at $0.2845, then got slammed with high-volume selling.

Current support forming near $0.2705 — holding this could set up a bullish recovery.

Next key support levels to watch: $0.2591 and $0.2546

📈 Possible Trade Setups:

Scenario A – Rebound Play:

Entry: $0.2700–$0.2720

TP1: $0.2810

TP2: $0.2890

SL: $0.2590

Scenario B – Breakdown Play:

Short Entry: Below $0.2700

TP1: $0.2590

TP2: $0.2540

SL: $0.2765

A critical decision point ahead — bulls must defend $0.2705 or bears could drag this lower. Watch volume on the next candle!

#OMUSDT #CryptoTrading #BinanceFeed #Altcoins #ChartAnalysis