$BTW 1 hours: -5.79%, current price 1.561. If you're itching to buy the dip, ask yourself three questions first:
① The 24h low of 1.5555 is holding as support—is there a sign that the decline has stopped?
② This was a sharp, sudden drop. What will you do if it tests the bottom again?
③ Have you prepared a stop-loss? What will you do if your dip-buying call is wrong?
If you haven't thought it through, it's better to wait and see.
When support breaks, it often turns into resistance.
#BTW
It's your decision whether to buy; I'm just sharing my thoughts.
① The 24h low of 1.5555 is holding as support—is there a sign that the decline has stopped?
② This was a sharp, sudden drop. What will you do if it tests the bottom again?
③ Have you prepared a stop-loss? What will you do if your dip-buying call is wrong?
If you haven't thought it through, it's better to wait and see.
When support breaks, it often turns into resistance.
#BTW
It's your decision whether to buy; I'm just sharing my thoughts.