Hello traders! 👋 I need your input on a crucial decision regarding my OMUSDT trade.
I started accumulating OM Token (OMUSDT) from April 2023 to September 2023, strategically buying the dips and bringing my average buy price to 0.021. Fast forward to today, the current price stands at 0.718, representing a remarkable gain of over 3300%! 🚀
To manage risk and secure profits, I began distributing my accumulated holdings in December 2023, selling off 40% of my position. Currently, I hold 30,000 coins at an average buy price of 0.021.
Now, here's where I need your insight: OMUSDT recently hit a new all-time high (ATH) on March 19th, 2024, reaching 0.94953. With the price approaching the previous ATH of 0.88760, I'm contemplating whether to close the remaining portion of my trade or continue holding for further upside potential.
Though being a Long Term Accumulator, i prefer to HODL it , but i think i should close some more major part of it like 60% in total and hold rest of 40%
i have already sold 40% of holding and rest 30000 coins i hold!
Peace Out!
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OMUSDT Open Position
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not a single sell order yet since this post, waiting on a breakout/breakdown, looking at a ascending triangle here
Wow, fantastic trade! I would agree with you on closing a part of this trade and holding the rest. The Bull market is just starting and it could do wonders in the Bull season.
shyamnair
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@Shak-Crypto, absolutely shaq, but i think i would close it and buy at premium zone on small TF if it break the ATH
Shak-Crypto
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@shyamnair of course, this is another good idea. 👍
I would agree with you on closing a part of this trade and holding the rest. The Bull market is just starting and it could do wonders in the Bull season.