A Good Place to Accumulate, Osmosis?OSMOSIS
So, right now, OSMO is trading at 9$, everything between 8.40$ and 9$ can be considered as Support, see B1. This zone is also a good spot for DCA OSMO.
If B1 does not hold as support at all, we should entertain the Idea that the Price is coming down to 7$ / 7.80$. See B2 which is also an excellent Zone to DCA OSMO.
Note, the Markets are still very Volatile due to the Juno BS, War, Fed etc. TA does work, but right now, there are numerous Values which are pretty hard to take into consideration. As for me, I do accumulate some OSMO right now, if Price dips further, I will accumulate again (B1 & B2).
If Osmosis is starting to Dip below 7$ i am going to spend 60% of my Daily LP-Rewards buying OSMO and ATOM to provide Liquidity to Pool#1. Remember, this is how I play OSMO right now, this does not mean it's a Game plan worth copying it. Always DYOR and make up your own Mind.
PS.
Tradingview only provides date from 12/22/21. Of course, I did take the Data from info.osmosis.zone into consideration.
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This Analysis is not intended to be investment advice. Always DYOR.
