🚨 $OM - Should You Buy the Dip? 🚨
$OM has dropped 90% recently, and while some see this as a "buy the dip" opportunity, I recommend a **wait-and-watch approach**. Here’s why:
1️⃣ Extreme Volatility: A 90% crash often signals panic selling or fundamental issues. Jumping in too early could mean catching a "falling knife."
2️⃣ No Clear Support: The price hasn’t stabilized yet. Wait for a consistent base (e.g., sideways movement or higher lows) to confirm momentum shift.
3️⃣ Risk vs. Reward: Even if OM rebounds, patience reduces risk. Let the market show signs of recovery *first*.
My Advice:
- **Don’t FOMO** into the dip blindly.
- Watch for consolidation (price stability) and increasing volume.
- If you do buy, keep it small and use DCA to average in slowly.
Remember: Surviving a downtrend > Predicting the bottom.
What’s your take? 👇 #OM #Crypto #TradingStrategy