$OMEX finally woke up and broke the wedge... legit reversal or just another low-volume trap?

Hey guys im trying to learn chart patterns and came across $Odyssey Marine Exploration(OMEX)$ . it looks like it broke out of that big yellow trend and now it crossed back over $1.00. the macd at the top has some blue bars which i think is good? i want to buy some but im worried since it went from 1.40 to 0.70 so fast. is it safe to buy now that it's going up again, or should i wait?

chart by @Owen Moshey

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Comments

Zion Everhart
05-01
Zion Everhart
Bro do not buy a microcap just because it crossed a dollar. That's exactly where the shorts are waiting to hammer it back down. A $1.00 break is a magnet for traps.
Chua Jun Kai
05-01
Chua Jun Kai
macd is a lagging indicator man. by the time it prints a strong blue bar, the move is usually already exhausted on these low floaters. stick to pure price action and relative volume if you want to trade this stuff.
Dante Virelli
05-01
Dante Virelli
I've been tradıng full-time for 4 years, and the mindset shift you mentioned about taking a breath instead of FOMOing is the literal turning point for profitability. I've seen Owen Moshey talk about this too treating cash as a position. Sitting on the sidelines watching OMEX fluctuate is a completely valid trade if it protects your capital.
Ng Kai Sheng
05-01
Ng Kai Sheng
honestly I'm in the exact same boat as you, I always see the blue MACD bars and think it's a guaranteed win. trying so hard to learn how to actually read price action instead of relying on lagging indicators.
Alicia Fernandes
05-01
Alicia Fernandes
I learn how to trade from Owen, he is a great teacher
- NN53:
  Mostly on Te Le Gram
- NN53:
  username @ Owenmoshey
Ong Zhi Xuan
05-01
Ong Zhi Xuan
ı was able to turn 30k to 70k in 2 months

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That's exactly where the shorts are waiting to hammer it back down. A $1.00 break is a magnet for traps.\n ","text":"Bro do not buy a microcap just because it crossed a dollar. That's exactly where the shorts are waiting to hammer it back down. A $1.00 break is a magnet for traps.\n ","html":"Bro do not buy a microcap just because it crossed a dollar. That's exactly where the shorts are waiting to hammer it back down. A $1.00 break is a magnet for traps.\n ","likeSize":1,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"hot","coins":0,"score":0,"disclaimerType":0},{"id":559424107443016,"commentId":"559424107443016","gmtCreate":1777609974573,"gmtModify":1777610648970,"authorId":4240514044834332,"author":{"id":4240514044834332,"idStr":"4240514044834332","authorId":4240514044834332,"name":"Chua Jun Kai","avatar":"https://community-static.tradeup.com/news/4d758ba5beb392b264140c0514a100a2","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[],"wearingBadges":[]},"repliedAuthorId":0,"objectId":559420321395488,"objectIdStr":"559420321395488","type":1,"supId":0,"supIdStr":"0","prevId":0,"prevIdStr":"0","content":"macd is a lagging indicator man. by the time it prints a strong blue bar, the move is usually already exhausted on these low floaters. stick to pure price action and relative volume if you want to trade this stuff.\n ","text":"macd is a lagging indicator man. by the time it prints a strong blue bar, the move is usually already exhausted on these low floaters. stick to pure price action and relative volume if you want to trade this stuff.\n ","html":"macd is a lagging indicator man. by the time it prints a strong blue bar, the move is usually already exhausted on these low floaters. stick to pure price action and relative volume if you want to trade this stuff.\n ","likeSize":2,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"valid","coins":0,"score":0,"disclaimerType":0},{"id":559423670771760,"commentId":"559423670771760","gmtCreate":1777609819496,"gmtModify":1777610005112,"authorId":4238757925593542,"author":{"id":4238757925593542,"idStr":"4238757925593542","authorId":4238757925593542,"name":"Dante Virelli","avatar":"https://community-static.tradeup.com/news/default-avatar2.jpg","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[],"wearingBadges":[]},"repliedAuthorId":0,"objectId":559420321395488,"objectIdStr":"559420321395488","type":1,"supId":0,"supIdStr":"0","prevId":0,"prevIdStr":"0","content":"I've been tradıng full-time for 4 years, and the mindset shift you mentioned about taking a breath instead of FOMOing is the literal turning point for profitability. I've seen Owen Moshey talk about this too treating cash as a position. Sitting on the sidelines watching OMEX fluctuate is a completely valid trade if it protects your capital.\n ","text":"I've been tradıng full-time for 4 years, and the mindset shift you mentioned about taking a breath instead of FOMOing is the literal turning point for profitability. I've seen Owen Moshey talk about this too treating cash as a position. Sitting on the sidelines watching OMEX fluctuate is a completely valid trade if it protects your capital.\n ","html":"I've been tradıng full-time for 4 years, and the mindset shift you mentioned about taking a breath instead of FOMOing is the literal turning point for profitability. I've seen Owen Moshey talk about this too treating cash as a position. Sitting on the sidelines watching OMEX fluctuate is a completely valid trade if it protects your capital.\n ","likeSize":1,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"valid","coins":0,"score":0,"disclaimerType":0},{"id":559422654537920,"commentId":"559422654537920","gmtCreate":1777609603375,"gmtModify":1777610648319,"authorId":4240513517834292,"author":{"id":4240513517834292,"idStr":"4240513517834292","authorId":4240513517834292,"name":"Ng Kai Sheng","avatar":"https://community-static.tradeup.com/news/c8e737b5a90824fbc081569f8011f2b7","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[],"wearingBadges":[]},"repliedAuthorId":0,"objectId":559420321395488,"objectIdStr":"559420321395488","type":1,"supId":0,"supIdStr":"0","prevId":0,"prevIdStr":"0","content":"honestly I'm in the exact same boat as you, I always see the blue MACD bars and think it's a guaranteed win. trying so hard to learn how to actually read price action instead of relying on lagging indicators.\n ","text":"honestly I'm in the exact same boat as you, I always see the blue MACD bars and think it's a guaranteed win. trying so hard to learn how to actually read price action instead of relying on lagging indicators.\n ","html":"honestly I'm in the exact same boat as you, I always see the blue MACD bars and think it's a guaranteed win. trying so hard to learn how to actually read price action instead of relying on lagging indicators.\n ","likeSize":1,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"valid","coins":0,"score":0,"disclaimerType":0},{"id":559431270309888,"commentId":"559431270309888","gmtCreate":1777611594394,"gmtModify":1777612019674,"authorId":4240715439864782,"author":{"id":4240715439864782,"idStr":"4240715439864782","authorId":4240715439864782,"name":"Alicia Fernandes","avatar":"https://community-static.tradeup.com/news/c510d236ff47a5384a3799ad6d64c0a8","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[],"wearingBadges":[]},"repliedAuthorId":0,"objectId":559420321395488,"objectIdStr":"559420321395488","type":1,"supId":0,"supIdStr":"0","prevId":0,"prevIdStr":"0","content":"I learn how to trade from Owen, he is a great teacher&nbsp;","text":"I learn how to trade from Owen, he is a great teacher&nbsp;","html":"I learn how to trade from Owen, he is a great teacher&nbsp;","likeSize":1,"commentSize":2,"subComments":[{"id":559448762414032,"commentId":"559448762414032","gmtCreate":1777615884096,"gmtModify":1777617783424,"authorId":4239178424645622,"author":{"id":4239178424645622,"idStr":"4239178424645622","authorId":4239178424645622,"name":"NN53","avatar":"https://community-static.tradeup.com/news/default-avatar2.jpg","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[],"wearingBadges":[]},"repliedAuthorId":0,"objectId":559420321395488,"objectIdStr":"559420321395488","type":1,"supId":559431270309888,"supIdStr":"559431270309888","prevId":0,"prevIdStr":"0","content":"Mostly on Te Le Gram","text":"Mostly on Te Le Gram","html":"Mostly on Te Le Gram","disclaimerType":0},{"id":559448769396752,"commentId":"559448769396752","gmtCreate":1777615867070,"gmtModify":1777616124661,"authorId":4239178424645622,"author":{"id":4239178424645622,"idStr":"4239178424645622","authorId":4239178424645622,"name":"NN53","avatar":"https://community-static.tradeup.com/news/default-avatar2.jpg","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[],"wearingBadges":[]},"repliedAuthorId":0,"objectId":559420321395488,"objectIdStr":"559420321395488","type":1,"supId":559431270309888,"supIdStr":"559431270309888","prevId":0,"prevIdStr":"0","content":"&nbsp;username @ Owenmoshey\n ","text":"&nbsp;username @ Owenmoshey\n ","html":"&nbsp;username @ Owenmoshey\n ","disclaimerType":0}],"verified":10,"allocateAmount":0,"commentType":"valid","coins":0,"score":0,"disclaimerType":0},{"id":559425318900760,"commentId":"559425318900760","gmtCreate":1777610282244,"gmtModify":1777610545456,"authorId":4240511539834162,"author":{"id":4240511539834162,"idStr":"4240511539834162","authorId":4240511539834162,"name":"Ong Zhi Xuan","avatar":"https://community-static.tradeup.com/news/7faea7447f2f150109f913b78ecaf917","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[],"wearingBadges":[]},"repliedAuthorId":0,"objectId":559420321395488,"objectIdStr":"559420321395488","type":1,"supId":0,"supIdStr":"0","prevId":0,"prevIdStr":"0","content":"ı was able to turn 30k to 70k in 2 months&nbsp;","text":"ı was able to turn 30k to 70k in 2 months&nbsp;","html":"ı was able to turn 30k to 70k in 2 months&nbsp;","likeSize":1,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"valid","coins":0,"score":0,"disclaimerType":0}],"isCommentEnd":false,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/559420321395488"}