If you're watching the OMG charts like I am, you know that OMG is currently in a downward trend. It has just dropped back to it's previous support levels at around 213000 satoshis and is bouncing off that slightly.
I've already set some buy orders to pick some up during the fall, but looking at the chart it seems to me like more downward momentum is to be had. It doesn't look quite ready yet for a trend reversal. But the question then becomes: How low will it go?
Do you expect prices to rebound from 213000 satoshis, and this will be the bottom? Or do you think, like me, that OMG may drop lower? What level would you set your buys at? I'm looking to buy some more OMG. I can see it dropping to about 200000 satoshis before any kind of rebound happens. Do you think this is accurate, or will it drop even lower! I'm interested in hearing your opinions before I set my buys!