OM crashed from $6+ to $0.40 after a brutal dump and rug-pull rumors. The founder's emergency move to burn 300 million tokens is a strong PR play to regain trust, but volatility is still king.
This setup is perfect for scalpers and high-risk/reward traders.
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Chart Structure (Short-Term):
Trend: Sharp downtrend with bounce attempts
Support: $0.38 – holding for now
Resistance: $0.44
RSI (4H): Oversold zone near 32 = bounce possible
Volume: Spike during sell-off = panic flush may be ending
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Trade Setups:
LONG SETUP – Bounce from Panic Bottom
Buy Zone: $0.38 – $0.41
Targets:
TP1: $0.45
TP2: $0.52
TP3: $0.60 (if massive short squeeze starts)
Stop Loss: $0.35 (tight risk control)
> Reason: Oversold RSI, token burn news, and temporary support may trigger a dead cat bounce or relief rally.
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SHORT SETUP – If It Loses $0.38
Sell Zone: Below $0.38 after candle close
Targets:
TP1: $0.33
TP2: $0.28
Stop Loss: $0.41
> Reason: Losing $0.38 confirms further panic — easy short until new buyers step in.
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OM is high-risk, high-reward. Either ride the bounce or crush the breakdown — just don’t sit idle. Tight SL is key here. Act fast, exit faster.
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Disclaimer: This is not financial advice. Trade at your own risk. Always manage your capital and do your own research.
