I'm keeping away for now because of the short term chaos.
But sure it seems to have more room to go up than down.
So I bought at $10.09 as I said in the previous comment.
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Sure It could go down to $3 but the upside is so enormous. I'm long term invested in this just like I am in EOS when EOS looked a bit sad.
This downward movement in OMG looks like a fake bear to me (I could be wrong). I wouldn't be surprised if it evolves to a head and shoulder formation in some days and we skyrocket to the moon.
One reason that would make it logical to be a head and shoulder there is that: if OMG price would regain some of its price the next few days. Then tha bottom of this spike would almost exacly mark the center (of the time axis) of the giant Fibonacci. This enables a "mirror" effect, but instead oon the other side it explodes. It reminds me of maths where a function is reacting to the middle creating some asymtotical behaviour.
I'm staying long term bullish.
It could still fall to $4.5 short term though but does it matter?
I have no stop either. And I don't plan to use one. I will inform when I do. If it crashes I'll happily follow it down wherever it feels like going. Note that I absolutely don't recommend this!