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If You Lost Money Trading #OMNI ❓
Let me tell you why you lost!
Omni project is not a fraud as many traders are saying !
Omni was listed yesterday via #BinanceLaunchpool and it show the listing price was $1 and it skyrocketed to around $55 within a minute. It was around this high area that many of you bought !
Now let me tell you what happened and why you lost in your trades:
Omni Network (Omni) is a layer 1 blockchain designed to integrate Ethereum’s rollup ecosystem into a single, unified system. Using Omni, developers can build natively global applications that access all of Ethereum’s liquidity and users by default.
Hence this project has high capacity to do over 100x after listing in Binance Launchpool but a lot of fundamentals pulled it backwards after doing 54x.
Knowing that OMNI is a good project, I would have bought after listing but knowing that there is lots uncertainty in the market currently , I waited to confirm it's surge, as a result I didn't buy.
You Lost funds trading $OMNI because you didn't consider the overall crypto market conditions and You jumped in immediately because of FOMO(Fear Of Missing Out).
LESSONS :
📍 Before trading any newly listed project, you have to consider the overall crypto market conditions at that very moment.
📍 Don't buy high immediately when you see that the entire market is already witnessing a downtrend due to strong fundamentals
📍 Be patient! wait for at least some hours to confirm if the newly listed token will continue the uptrend or for possible corrections!
📍 Please avoid FOMO! It is better to miss out than to loose trading in a hurry
📍It is better to get the Launchpool tokens for free during farming by staking big amount of BNB or FDUSD in the Launchpool page & you will get some free tokens!Then buy with caution after list.
So, If you are still holding,HODL!
NB:
This is based on my person experience, research and opinion, I believe you will minimize your loss if you pay heed to the above lessons !
Hope you find this helpful !
NFA
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