❓$OM – Dead Cat Bounce or a New Move Brewing?
$OM saw a slight recovery from $0.2554 to $0.2688, but the broader downtrend still looms. Rejection at $0.2844 casts doubt on bullish momentum, and StochRSI in the overbought zone signals possible exhaustion.
🚨 Speculative SHORT Setup:
• Entry: $0.2685 – $0.2700
• TP1: $0.2600
• TP2: $0.2540
• TP3: $0.2460
• Stop: $0.2760
📊 Quick Take:
$0.27 remains a key resistance level. If bulls fail to break it, another leg down could be on the table. Macro structure still favors bears on higher timeframes.