$OM Crash Heard 'Round the Market – Is a Reversal Brewing?”
The $OM carnage has left nearly 90% of traders shaken, with a staggering -89% drop in just 24 hours – from $6.35 to $0.37.
Now slowly crawling back near $0.7056, this might not just be a crash, but a capitulation bottom.
Technical Pulse:
RSI(6): 16.70 – screaming oversold
Stoch RSI: 96.76 – signaling a potential reversal.
Support held at $0.37, showing buyer defense.
Small green candles hint at weak but steady recovery.
High-Risk, High-Reward Setup:
Entry Zone: $0.68 – $0.72
Targets: $0.95 → $1.20 → $1.50
Stop Loss: Below $0.59
If $OM holds above $0.68 and breaks $0.80, a short-covering rally could ignite.
This is not the dip to ape in blindly – but for strategic scalpers, fear might just be hiding opportunity.