Analysis of indicators #Ichimoku for the situation of $OM :

It is within the largest bearish cloud in the history of the asset on the 1 Hour chart, has lost upward momentum and failed to stay within the Bollinger bands, entering a new decline. It has low trading volume, has not reached oversold levels, which signals room for further decline. Selling pressure is high and the Blood Diamond is targeting 0.58. It has already lost the three Ichimoku moving averages and if it breaks the support, the decline will be much greater. Trading insights indicate a bearish moment. Considering the infinite token supply from the project update, the token burn promised by the CEO of Mantra does not seem to be enough to restore investor confidence and recover the asset's price. Be cautious when entering trades and avoid short positions, as your capital will be at risk of parallel liquidity, given the significant waiting from investors trapped in positions to minimize losses. #RiskManagement