$OM USDT (MANTRA)

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📊 Chart Overview

• Current Price: $0.4282

• 24H High/Low: $0.5092 / $0.3733

• Daily Change: +13.25% (rebound from recent lows)

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1. Price Action

• Sharp sell-off from a previous high of $9.17 down to a recent low of $0.3510.

• Current price is consolidating after a steep drop, attempting a bounce from the $0.35 level.

2. Bollinger Bands

• Middle Band (MA20): $0.4036

• Upper Band: $0.4571

• Lower Band: $0.3501

• Price is near the middle band, slightly above recent support ($0.35), which may now act as a base for short-term upside.

Interpretation:

• Tightening of bands suggests consolidation.

• If price can break above the middle band and hold, short-term recovery likely toward $0.45–$0.50.

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3. MACD

• MACD Line: 0.1225

• Signal Line (DEA): -0.4339

• Histogram turning positive, suggesting early bullish momentum.

Interpretation:

• A potential bullish crossover has just occurred — early signal of trend reversal or short-term rally.

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4. RSI

• RSI(6): 58.75 (short-term strength returning)

• RSI(12): 30.37 (still weak)

• RSI(24): 26.51 (deeply oversold zone)

Interpretation:

• Longer-term RSI is oversold, indicating a possible bottom.

• Short-term RSI recovering, suggesting a bounce in play.

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5. Stochastic RSI

• K: 29.44, D: 26.55, J: 35.21

• Showing a crossover in oversold region, which is another bullish signal.

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✅ Trade Setup (Swing Trade / Short-Term)

Entry Options:

• Current entry: Around $0.42–$0.43 is acceptable for high-risk/reward setup

• Ideal entry: Retest of $0.38–$0.40 zone (closer to mid-Bollinger band)

Targets (TP):

1. Target 1 (TP1): $0.457 (Upper Bollinger Band)

2. Target 2 (TP2): $0.50 (Psychological round number / 24h High)

3. Target 3 (TP3): $0.60 (Gap fill or extension if momentum builds)

Stop Loss (SL):

• Below $0.35 (recent low and Bollinger bottom)

➤ Suggested SL: $0.342