$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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