$OM Dead Cat Rebound or Just Getting Started❓❓$OM bounced off the $0.2554 low with a slight recovery to $0.2688. Despite the short-term upside, the macro downtrend remains intact, and the rejection from $0.2844 is still weighing on sentiment. StochRSI is in the overbought zone, hinting at potential exhaustion.
🚨 SHORT Trade Setup (Speculative Rejection Play):
Entry Zone: $0.2685 – $0.2700
Take Profit 1: $0.2600
Take Profit 2: $0.2540
Take Profit 3: $0.2460
Stop Loss: $0.2760
📊 Quick Insights:
Overhead resistance remains strong; a failure to break $0.27 could signal another downward swing. Bearish structure still dominant on higher timeframes.