$OM - Strong Downtrend
- Price: 0.5752
- Recently hit new intraday low of 0.5723
- MA7 < MA25 < MA99 (classic downtrend)
- Bearish volume spike = selling pressure still active
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Entry Strategy (According to Trend)
Since the trend is bearish, you want to:
# 1. Short Entry (Trend-Following)
- Entry Zone: 0.5770–0.5800 (on weak bounce to resistance)
- Reason: Selling into short-term resistance — price keeps getting rejected around this zone
- Stop-Loss: 0.5850 (above MA25/previous minor top)
- Take-Profit Target 1: 0.5700
- Target 2: 0.5620 (if selling continues)
This is riding the trend down, not fighting it.
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# 2. No Long Entry Yet
- Do not long right now — no reversal signal.
- Only consider buying if price:
- Breaks and holds above 0.5900 (bullish shift)
- MA7 crosses over MA25 on volume
- Candles close strong and green above previous lower highs
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Quick Tip
Watch for fakeouts. Use volume confirmation — weak green candles with low volume = likely another drop.