$OMNI INCREDIBLE GROWTH!! but will it fall or remain the same?

If we saw anything in the market yesterday, it was how a general bullish momentum caused altcoins to gain or rise by up to 240%, as was the case with Omni. But will this remain the same in the short term?

SELL OR HOLD?

Well, if you bought during the initial push, I would definitely recommend holding. This is mainly because, despite the fact that it's currently in the red, it's not a downtrend at all. This is mainly because the support is much higher than the previous one, so they are still in a correction period.

In summary: For the short to medium term, the outlook remains bullish as long as support in the $3.00-$3.50 area remains firm. This "correction period" is a normal phase after a large pump, and if support holds, it paves the way for a possible new bullish momentum.

Now, what I do recommend is placing a stop loss in the $2.90 or $2.85 area.

Why there?

This level would allow you to exit the trade if the price breaks the support that should maintain the uptrend.

If OMNI falls below $2.90 on a sustained basis, it would indicate that the correction is deeper than expected and that the current support zone is not holding, which could lead to a further decline.

Should I buy now?

Perhaps, I can't give you a concrete answer here because volatility is extremely high, especially after a major surge like the one the currency had, but what I can tell you is: keep in mind that many buyers are taking profits right now, and others are holding. If we see the price rebound and begin to rise from its support firmly (as it currently stands, especially due to the volume of dollars), then yes, buy. If that's not the case, abstain.

Follow me before you regret it because more than one person is making a profit thanks to the successful analysis we performed on $SEI