$Lobster down 3.17% in 5 minutes, currently at 0.04058. If you're itching to buy the dip, first ask yourself three questions:
① The 24h low of 0.038 is still below the current price. Are there any signs of stabilization?
② It's already down 40.02% in 24h. Is the decline still accelerating?
③ Are you prepared with a position size? What will you do if your dip-buying call is wrong?
If you haven't thought it through, it may be better to wait.
A sharp drop can be followed by a bounce, but a bounce doesn't mean a reversal.
#Lobster
This content does not constitute investment advice or a recommendation to buy or sell.
① The 24h low of 0.038 is still below the current price. Are there any signs of stabilization?
② It's already down 40.02% in 24h. Is the decline still accelerating?
③ Are you prepared with a position size? What will you do if your dip-buying call is wrong?
If you haven't thought it through, it may be better to wait.
A sharp drop can be followed by a bounce, but a bounce doesn't mean a reversal.
#Lobster
This content does not constitute investment advice or a recommendation to buy or sell.