$OM Setup Alert: Momentum Fading, Bears Leaning In 🐻
The recent bounce on $OM (Mantra) is showing clear signs of exhaustion. 🛑 We are seeing a lack of follow-through on the upside, with sellers aggressively leaning back into the price action.
The Logic:
Weak Structure: Pushes higher are failing to hold, and buyers look uncomfortable defending these rebound levels.
Heavy Supply: Strength is consistently getting faded. The order flow feels "heavy," suggesting that supply is pressing into momentum.
Clean Downside: Reactions to the downside are opening up much cleaner than the choppy upside moves.
If sellers stay active here, the probabilities favor a continuation lower. 📉
🎯 Trade Setup:
Direction: SHORT 🟥
Entry Zone: 0.0542 – 0.0568
🚫 Stop Loss (SL): 0.060
✅ Take Profit 1: 0.0510
✅ Take Profit 2: 0.0475
✅ Take Profit 3: 0.0440
Stay disciplined and manage your risk! 🛡️
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Trade $OM here 👇
