Let’s chat. A friend just messaged me: “It dropped 2.43% in $ICNT 5 minutes. Can you catch it?”
I replied: “I can’t say for sure where the bottom is, but I know that jumping in right after a sharp drop often means catching it halfway down. I usually wait for the candlesticks to stop falling and trading volume to taper off before taking another look.
The current price is 0.2123, up 51.86% over 24 hours. How would you reply?