$OM ๐ OM Showing Bearish Flag ๐ด | Caution as Sellers Take Control ๐๐
OM is flashing warning signs as a bearish flag emerges on the chart ๐๐ฉ. After a sharp decline, the recent consolidation looks more like a pause before another potential leg down ๐๐งฏ.
๐ป RSI flattening and turning lower signals weak momentum ๐๐ฏ. At the same time, MACD bearish crossover just hit, confirming a shift toward seller dominance ๐๐. Volume spikes are favoring the red candles, showing that sell pressure is increasing ๐บ๐ด.
๐ผ On-chain data reveals troubling patterns โ whale distribution is in motion ๐ณ๐ค, and exchange balances are rising ๐ฆ๐, suggesting coins are moving out of cold wallets and back onto exchanges โ often a pre-dump pattern ๐จ๐.
๐ Social sentiment is cooling fast ๐ง๐ฑ, and wallet growth is slowing โ all red flags in a weak market. Traders are losing confidence, and FOMO has turned into caution ๐ช๐ฌ.
โ ๏ธ With market uncertainty rising and no clear support just yet, it's best to manage risk tightly โ๏ธ๐. Don't get caught holding the bag if this flag plays out. If OM breaks down from this pattern, further downside could follow quickly ๐ฃ๐ฅ.
Stay alert, and avoid chasing false reversals. The setup demands caution.
โ ๏ธ Not financial advice โ always DYOR ๐ง ๐