#TradingCommunity $OM
$OM $BTC briefly discusses the model of OM for everyone to understand. It sounds simple, but many newcomers may not know, so the bear summarizes a few points as follows:
Step 1: OM lists on the exchange and reaches a peak in March 2021 at a price of ~0.58$
Step 2: turns around and drops back to a level of 0.017$ , decreasing about ~34 times
Step 3: continues to SW after the price drop and skyrockets to a price of 9.1$ , increasing about 535 times
Step 4: SW signals sufficient accumulation (many people often confuse this part, thinking it will continue to SW and rise further)
Step 5: sell from the peak back to a level of 0.37$ , decreasing about ~xx times and more...
👉 General model: list on the exchange, strong price increase, strong price decrease, accumulation SW, extremely strong rise, SW and extremely strong decrease.
👉 Conclusion: OM is not unique. What everyone needs is to understand how the model works, which means this is also an opportunity. Why is that?? Because right now there are coins that have just listed, have skyrocketed, and have dropped drastically. So what does that mean?? It means there are still 2 final steps, and if you catch the wave, it will skyrocket again by xxx times after dropping to the ground.
(Currently, there are 5 coins like this; if you bet 100$ on each and for example, hit one that increases by 100 times 😳😳😳 wow, that's a huge profit, right... this is just my personal opinion as a bear, not encouraging anyone to invest.)