🚨🔥 $OM UNDER FIRE — BLOOD IN THE STREETS 🔥🚨
$OM is getting absolutely smoked right now. This isn’t a gentle pullback — it’s a full-blown liquidation zone, the kind where emotions run hot, stops get hunted, and weak hands get forced out at the worst possible moment.
PRICE ACTION: CONTROLLED BY BEARS The structure is decisively bearish:
Lower highs ✔️
Lower lows ✔️
Price pinned near the bottom of the range like it’s struggling just to stand up
Every bounce so far has been sold into immediately, telling us sellers are still dictating the pace. No trend break. No mercy.
📊 VOLUME: PANIC, THEN PARALYSIS Earlier sell-offs came with heavy volume spikes —classic panic dumping and leverage flushes. That’s when the damage was done.
Now? Volume is thinning out, candles are shrinking. This shift often signals seller exhaustion, but exhaustion alone doesn’t mean reversal — it just means the market is deciding what kind of pain comes next.
🌊 FLOWS: CONFIDENCE DRAINING FAST Capital flow is the real warning sign:
Spot and derivatives flows have been consistently negative
Open interest bleed suggests deleveraging and capitulation
Money is leaving faster than it’s coming in
This is not rotation — it’s risk-off behavior. Until flows stabilize, upside moves are suspect.
🧠 TECHNICALS: STRETCHED, NOT SAVED
RSI deeply oversold → bounce possible
Price hugging lower Bollinger → volatility compression
Momentum indicators weak → trend still intact (down)
Translation: conditions are ripe for a dead-cat bounce, not a confirmed bottom.
🎯 TRADING BIAS Primary trend: Bearish
Secondary opportunity: Short-term relief bounce only for fast traders
Any sharp green candle without volume = short-term fakeout
Strong reclaim of key resistance + volume = first sign bears losing grip
⚠️ RISK MANAGEMENT IS EVERYTHING This environment punishes impatience:
Size small
Stops tight
Profits taken quickly
Trying to “catch the bottom” without confirmation is how accounts disappear
