Yes.There are lot of coins that they pump and dump so while pumping a lot of people will FOMO and later it will dump. But what of coins that actually are moving up without pumping without dumping an example is Unibright. It was quiet for about a year and in the space of one month it has gone to the sky assuming you fomo for such coin maybe when it was around 0.1 you would still profit.
That is why a good research about a project is needed of the capability of the project. You just have to know that you cant know about all the good projects in the crypto space you will just identify one or two then you are good to go
Good research on a project doesn’t Guarantee good outcome. People that FOMO don’t have patience, they want to enter the moving train and get the maximum profit they can. So what are the odds that the good project you research on is going to give you quick profits. Well i think fomo is a very big risk and i think if you want to do it you must observe that market full eyes opened without sleeping when you hit your profit leave. Maybe something like news in the forex market.