$OM /USDT – Sharp Rejection at $0.59, Short Setup Active
Price failed to sustain above $0.59, forming a long upper wick and bearish follow-up candles. Current price is $0.5404, down -6.15%, confirming intraday weakness.
Short Trade Setup:
Entry Zone: $0.5400 – $0.5500
Final Target: $0.4950
Stop Loss: $0.5700
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Why This Setup Works:
Bearish momentum increased after a failed breakout above the 24h high. Strong rejection plus volume drop suggests sellers are regaining control.
Risk Strategy:
Use tight SL above wick top and consider partial profits at $0.5100
Take Short Trade on $OM
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