The $OSMO "Fake-Out" is playing out exactly as I warned. 📉
I’ve been tracking $OSMO across the 15M and 1H timeframes, and the bearish divergence is now undeniable. We just hit $0.0786 after failing to reclaim the $0.0898 local high. As I pointed out previously, the "Price Up, Volume Down" signal was a major red flag—and the market is now reacting.
Key Levels to Watch:
• Immediate Support: $0.0763 (15M EMA 44)
• Macro Support: $0.0722 (1H EMA 44)
• Resistance: $0.0898 (The gatekeeper for any bullish reversal)
The drying volume suggests the initial hype is exhausted. If we don’t find strong buyers at the $0.072 level, I’m bracing for a deeper flush toward the $0.06 liquidity zone. Patience is a trader's best friend right now.
Click on the chart below to trade:
Disclaimer: Cryptocurrencies are highly volatile; please conduct your own research and manage your risk before trading.