RSI(6) at 4-8 → A strong oversold signal, but not a guaranteed rebound

$OM Plunge Alert: $0.55 in Sight🚨

🔮 Price Prediction:
$OM could slide to $0.5500 as bears dominate below all key MAs. If momentum holds, expect a break of the 0.5723 low and a drop into the $0.5500 zone before any relief rally. 📉

📊 Technical Analysis (Bearish):
– Trading under MA(7)=0.5833, MA(25)=0.6000 & MA(99)=0.6538
– Consistent lower highs & lower lows on the 1‑hour chart
– MACD firmly in negative territory, histogram adding red bars
– Dwindling buying volume after the 0.5723 retest
– Volume spike on recent sell‑off, signaling aggressive distribution

💼 Trade Setup (Short):
• Entry: 0.5800
• Stop‑Loss: 0.5900 (just above MA7)
• Take Profit: 0.5500 (next major support)
• Risk/Reward: ~1:2 🎯

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$OM

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