🚨 $OM/USDT – Dead Cat Bounce or Deeper Drop Coming?
Current Price: $0.2701
$OM bounced from $0.2554 but is struggling to break above strong resistance at $0.2844. The overall trend is still bearish, and StochRSI is overbought, showing signs the bounce may be fading.
📉 SHORT Setup – Rejection Trade Idea:
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
📊 Market View:
Momentum is weakening
Price is getting rejected near $0.27
Structure still favors bears unless $0.2844 is broken cleanly
⚠️ Strategy Note:
Watch for weakness at resistance. If $OM fails to break higher, it’s a clean short opportunity — but use a tight stop-loss to manage risk.