$OM BEARISH OUTLOOK – POTENTIAL BREAKDOWN LOOMING

$OM (Mantra) is currently under bearish pressure, trading at $0.2634 (-3.90%), near its 24h low of $0.2603. The price is well below short-term moving averages like MA(7): 0.3554, which confirms a downtrend structure and increased seller dominance.

🔍 KEY LEVELS:

Current Price: $0.2634

Immediate Resistance: $0.2780

Major Resistance: $0.3000

Support Level: $0.2600 (24h low)

Major Support Zone: $0.2450 – if broken, may lead to deeper correction

📉 TRADE SETUP – SHORT POSITION

Entry Zone: $0.2650 – $0.2700

Targets (TP):

🎯 TP1: $0.2550

🎯 TP2: $0.2450

🎯 TP3 (aggressive): $0.2200

Stop Loss (SL): $0.2800 (above 24h high and immediate resistance)

🛡️ RISK MANAGEMENT

Risk only 1–2% of your capital per trade.

Move SL to entry once TP1 is hit to secure profits.

Avoid overleveraging; market sentiment is weak.

📊 INDICATOR INSIGHT:

MACD likely shows bearish crossover (from recent action).

Volume decreasing, indicating weakening buying interest.

Price below MA(7), MA(25), and MA(99) = strong downtrend confirmation.

⚠️ SUMMARY:

$OM/USDT is struggling near support with no strong bullish reaction. A breakdown below $0.2600 could trigger a move toward $0.2450 and lower. Best suited for short setups until trend reversal signs emerge.

Trade safe. Let the chart guide you. 🧠📉

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