$OM is Slipping: Setting Up a Clean Short Play
$OM is looking heavy, and we are ready to fade the bounce. The trend is completely locked in a downtrend across the 15m, 1h, and 4h charts, with price trading well below the EMA 20, 50, and 200. With the MACD showing zero bullish momentum and RSI sitting at 39.66, the sellers are clearly in control. We are taking the shot on this clean setup.
📉 SHORT Setup:
🎯 Entry Zone: 0.004462 – 0.004509
💰 Take Profit 1: 0.004312
💰 Take Profit 2: 0.004208
🛑 Stop Loss: 0.004624
⚡ Confidence: 75% | Risk Rating: LOW
If buyers push past the recent EMA resistance, the setup invalidates, but right now the bears have the upper hand.
Follow for more crypto setups.
#DeGenYuv #MANTRA
$OM is looking heavy, and we are ready to fade the bounce. The trend is completely locked in a downtrend across the 15m, 1h, and 4h charts, with price trading well below the EMA 20, 50, and 200. With the MACD showing zero bullish momentum and RSI sitting at 39.66, the sellers are clearly in control. We are taking the shot on this clean setup.
📉 SHORT Setup:
🎯 Entry Zone: 0.004462 – 0.004509
💰 Take Profit 1: 0.004312
💰 Take Profit 2: 0.004208
🛑 Stop Loss: 0.004624
⚡ Confidence: 75% | Risk Rating: LOW
If buyers push past the recent EMA resistance, the setup invalidates, but right now the bears have the upper hand.
Follow for more crypto setups.
#DeGenYuv #MANTRA