$OM Bullish Relief Setup After 10% Flush
I’m seeing a clean sell-off from 0.070 down to 0.0598 with a sharp rejection wick at the low. That’s a liquidity grab below short-term support. Now price is stabilizing around 0.060.
Momentum was heavy, but selling pressure is slowing. That’s where relief bounces begin.
Structure:
Lower highs forming
Capitulation candle to 0.0598
Immediate bounce reaction
Tight consolidation near 0.060
This gives short-term bounce potential if reclaim confirms.
Entry: 0.0610 – 0.0620 after 1H close above 0.062
TP1: 0.065
TP2: 0.067
TP3: 0.070
Stop Loss: 0.0585
How it’s