$OM USDT shows a strong bearish candlestick after a steep bullish run—indicating a potential reversal or strong rejection at the top.
Key Observations:
The highlighted red candle is a bearish engulfing or strong rejection wick, signaling profit-taking or seller dominance.
This type of candle at the top of a rally often suggests short-term exhaustion or even a trend reversal, especially if followed by further red candles.
Price sharply dropped from around $0.288+ to $0.2591 before slightly recovering to $0.2750.
⚠️ Possible Bearish Setup (For Consideration):
If price fails to reclaim $0.2850–$0.2880, the downside could extend.
Watch for breakdown below $0.2700 to confirm further downside pressure.
buy and trade here on $OM