The MANTRA Shift: Evolution Meets Technical Caution
The market is buzzing as Binance officially announces its support for the MANTRA (OM) token swap and rebranding to MANTRA (MANTRA). While this structural evolution marks a significant milestone for the project, the charts are whispering a different story for the immediate future.
Despite the fundamental news, technical indicators are flashing warning signs. We are currently observing a clear Bearish Divergence on the RSI, suggesting that the upward momentum is losing its grip. This signal, coupled with data from the Fixed Range Volume Profile, indicates that the market might be heading for a dump or a healthy correction as it seeks stronger liquidity zones.
In trading, news creates the hype, but price action reveals the truth. Do not let the rebranding news blindside you. It is crucial to wait for clear price action confirmation before jumping into new positions. Patience is your greatest asset—let the market prove its next move.
Stay ahead of the volatility and navigate these shifts with precision.
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$OM #Om #TradingSignal #Bearish
