🔍 OM/USDT – Bearish Bias (1H Chart Analysis)
📉📉📉📉📉📉📉🐻🐻🐻🐻📉📉📉📉📉📉
📉 Trend & Candle Structure:
Current price: $0.3013
The price is below the 7 MA (0.3076) and 25 MA (0.3085), both of which are sloping downward — a bearish sign.
Price is struggling to hold above the psychological support zone ($0.3000).
Multiple bearish candles indicate continued selling pressure after failing to hold above $0.32.
📊 Indicators:
RSI (6): 32.47 → Near oversold, but no sign of a bounce yet.
MACD: Bearish crossover with both DIF (-0.0024) and DEA (-0.0022) below zero. Histogram is negative – bearish momentum is active.
Volume: Declining on bullish candles, increasing on bearish candles — confirms stronger selling activity.
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🔻 Conclusion: Bearish
📌 Trade Setup – Short Bias
Entry (Short): $0.3030–$0.3050 (on a weak bounce)
Stop Loss: $0.3085 (above MA25 resistance)
Target 1: $0.2975 (recent low zone)
Target 2: $0.2915 (near MA99 support)
> ⚠️ Note: While RSI is near oversold, there’s no bullish divergence or reversal pattern yet. Only consider longs if price reclaims above $0.3085 with volume and MACD flip.