🚨 $OM /USDT – Massive Rejection From $0.6081 High! Downtrend Back in Control 🚨

OM faced heavy selling pressure after spiking to $0.6081, now trading at $0.5260, down -4.87%. The dramatic wick on the 15-minute chart reveals a failed breakout followed by consistent lower highs — a clear shift back to bearish momentum.

24H Stats:

High: $0.6081

Low: $0.4872

Volume: 215.14M OM / $118.19M USDT

Market Insight:

After an aggressive bounce from $0.4872, OM couldn’t sustain momentum above the $0.60 mark. A strong bearish sequence followed, taking price back under key mid-range supports. The structure now favors a retest of sub-$0.50 levels.

Trade Signal – SHORT SETUP TRIGGERED:

Entry Zone: $0.5270 – $0.5340

Target 1: $0.5100

Target 2: $0.4950

Final Target: $0.4750

Stop Loss: $0.5450

Why Short?

Heavy wick rejection, steady selling volume, and loss of bullish momentum make this a high-probability setup. Sellers are in clear control below $0.55.

Risk Tip:

Use smaller position sizing due to recent volatility spikes. Watch for fakeouts and scale out at key levels.

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