Pair: OM/USDT (MANTRA) | Timeframe: 15-min
Recent High: $0.06141 | Current Price: $0.05815 (-4.30% in 24h)
1. Trend Indicators: SuperTrend & Price Action
SuperTrend (10,3) shows red sell signal.
Price trading below resistance cloud.
Series of lower highs and lower lows → bears control micro-trend.
2. Momentum Analysis: MACD & RSI
MACD: Histogram in negative territory, DIF & DEA flattening. No bullish crossover yet.
RSI: 32.34 → near oversold (30). Selling pressure may be overextended, but no buy signal until RSI >40 or bullish divergence confirmed.
3. Key Levels to Watch
Immediate Support: $0.05806. Critical to maintain above $0.0570 zone.
Resistance: $0.05891 (SuperTrend) & $0.0600 (psychological barrier).
4. Summary for Traders
Outlook: Cautiously bearish.
RSI suggests discount zone, but no MACD reversal yet.
Wait for confirmed breakout or double-bottom formation at $0.0580 before considering long positions.
Risk Management: Always use stop-loss to protect capital.
Trade $OM here..👇
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