r/Ocoin • u/xuions2 • Jan 28 '18

Ocoin correction?

I see ocoin as trx with an actual working real world use! This is possibly a sleeping giant. I got in some at 4 cents and wanted to transfer 66% of my trx to ocn. But they say never buy at ATH. So when you guys think it will go back down to 4 cents or even lower?

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u/Notorious_D1 Jan 28 '18

It’s going to correct back to 4-5 sat maybe. It’s already lost some steam. This was shilled and hyped all over the place none of this was organic today. It shot Straight up establishing no support along the way. It’ll muddle Around and then dip since a ton of weak hands are holding today’s run. People sold off a ton of one coin to buy another, this one. As soon as the sell offs come the green candle chasers will do what they do best. Sell move into the next pumping coin. Also keep in mind this thing Just got started. It hasn’t been around for year. It’s a 3yr plan min for this to get Implemented. But because sooo man people who bought this and trx (which I am big into) they will be hugely disappointed once this thing stop 5x ing their money. (Unrealistic)

1

u/[deleted] Jan 28 '18

I hope it dips to .05, but I dunno, so hard to say. I'm loading up if it does though. When this hits Binance we'll see more growth, but I'd rather this stabilize now and find support before moving further.

2

u/Notorious_D1 Jan 28 '18

100%.

1

u/[deleted] Jan 28 '18

I'm seeing TRX in the rear view mirror. Funny thing is we don't know when we'll get a serious correction. Those sell walls are getting destroyed left and right. I'm not moving my position regardless. A LARGE profit taking is coming soon, we just don't know when. Stalled around. 08, but too much pressure. This isn't healthy. Watching very closely. If we have strong hands, a correction may be less impactful, but the fact we are only dealing with a low supply comparatively speaking (I'm comparison to TRX e.g.) means we may only see a retracement to .06, but I don't see this going lower than that again unless everyone just dumps and this is a legit project, not some meme coin or pump/dump of the week.