$OM 📉 This might just be the bottom. Carefully, but confidently — that’s my take.
Technically, I believe $0.59 is $OM ’s floor. And right now, it's gliding just above that line — barely touching it.
Despite the panic and disbelief, one thing remains clear: MANTRA is not a rug pull. The team is active, the structure is intact. So what is this really?
It’s a rare chance to go back in time. Back to when $OM was $0.60 — a price we hadn’t seen in nearly a year. Those who missed it then are now too afraid to act. Why? Opportunities are always disguised as fear.
So here’s my message: Don’t over-leverage, don’t overthink. But if you have the means, even a small position in spot might be worth it. Better to take a calculated risk — Than watch others win from the sidelines later.
This pattern is formed when the price makes lower highs and higher lows, compressing into a tighter range over time.
It's a neutral pattern, meaning it doesn't inherently suggest a direction, but rather that a breakout is likely to occur soon—either upward or downward.
Key Observations:
Resistance Zone (Upper Triangle Line): Around $0.0543.
Support Zone (Lower Triangle Line): Currently near $0.046.
Volume Profile: Shows a volume buildup around the $0.046–$0.05 range, suggesting strong interest at this level.
RSI Indicator: Around 43, which is slightly bearish but not yet oversold.
Conclusion:
Breakout Above Triangle (>$0.0543) = Long opportunity, with target zones near $0.06–$0.07 or higher.
Breakdown Below Triangle (<$0.046) = Short opportunity, potential drop toward $0.04 or even lower.
Wait for confirmation of the breakout direction with strong volume before entering a trade. You can also set alerts at both triangle boundaries to stay prepared. $GUN