OMI - Viable support found?
Welcome back,
Lots of interesting news with OMI lately, only further supporting the overall fundamentals of their roadmap and future. Their veve app is as usual "fire" and with rumor's a float about a pokemon NFT, lots of reasons to be bullish on this project.
With a position in hand, I am looking to accumulate more at lower prices and feel the current positioning of price is conducive for a purchase.
Technical:
1. Pin bar formed during most recent dip, recovering in the identified support area, (.0048 - .0052) of the chart and tested on another test of the pin bar low.
2. RSI has made its way to its bottom range,(did not cross below/back above 30 so possible further dip possible).
Trade: Purchase at market or I may place limit in the .0048-.0052 range or even a bit lower.
Very bullish overall on project, so these dips are a great opportunity to get in for the first time or add to your position.
The post above is not investment advice.
Youngwall
Lots of interesting news with OMI lately, only further supporting the overall fundamentals of their roadmap and future. Their veve app is as usual "fire" and with rumor's a float about a pokemon NFT, lots of reasons to be bullish on this project.
With a position in hand, I am looking to accumulate more at lower prices and feel the current positioning of price is conducive for a purchase.
Technical:
1. Pin bar formed during most recent dip, recovering in the identified support area, (.0048 - .0052) of the chart and tested on another test of the pin bar low.
2. RSI has made its way to its bottom range,(did not cross below/back above 30 so possible further dip possible).
Trade: Purchase at market or I may place limit in the .0048-.0052 range or even a bit lower.
Very bullish overall on project, so these dips are a great opportunity to get in for the first time or add to your position.
The post above is not investment advice.
Youngwall
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