đ¨ $OM - Should You Buy the Dip? đ¨
$OM has dropped 90% recently, and while some see this as a "buy the dip" opportunity, I recommend a **wait-and-watch approach**. Hereâs why:
1ď¸âŁ Extreme Volatility: A 90% crash often signals panic selling or fundamental issues. Jumping in too early could mean catching a "falling knife."
2ď¸âŁ No Clear Support: The price hasnât stabilized yet. Wait for a consistent base (e.g., sideways movement or higher lows) to confirm momentum shift.
3ď¸âŁ Risk vs. Reward: Even if OM rebounds, patience reduces risk. Let the market show signs of recovery *first*.
My Advice:
- **Donât 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.
Whatâs your take? đ #OM #Crypto #TradingStrategy