$OM *OM: Technical Recovery with Bearish Smart Money 😬*
OM trading at $0.0661, up 43.4% weekly despite daily pullback, with EMA7/25 bullish crossover and positive MACD signal momentum recovery. Key points:
- Bearish smart money: long/short ratio dropped from 0.84 to 0.70, with whales reducing longs and increasing shorts
- Profit-taking pressure: large-maker selling at $1.56M vs $223K large-taker buying, net outflow $3.29M
- Squeeze risk ahead: short whale avg entry at $0.1411; rebound above $0.138-$0.142 could trigger short squeeze
*Key Levels:*
- Support: $0.0616, $0.0513 (EMA99)
- Resistance: $0.0672, $0.138-$0.142
*Trading Strategy:*
- Short-term: Bearish bias below $0.0672; watch for breakdown under $0.0616
- Mid-term: High short concentration creates squeeze potential above $0.138
- Long-term: Contrarian opportunity if macro stabilizes; extreme fear (11/100) may precede reversal [1][2]
Follow-up questions:
- What's driving the bearish smart money shift and whale activity?
- How does OM's market dynamics compare to other cryptocurrencies?
- Are there upcoming events or announcements that could affect OM's price?
