$Lobster is down 8.3% in 15 minutes, currently at 0.03782. If you're itching to buy the dip, first ask yourself these three questions:
① The 24h low of 0.0361 is still below. Are there any signs the price has bottomed?
② It's already down 31.89% over 24h. Is the decline still continuing?
③ Have you planned your stop-loss? What will you do if your dip buy goes wrong?
If you can't answer these, it's better to wait a little longer.
Heavy volume on the way down signals strong disagreement. Wait for volume to taper off and the price to stabilize before making a move.
#Lobster
This is for informational purposes only and does not constitute investment advice.
① The 24h low of 0.0361 is still below. Are there any signs the price has bottomed?
② It's already down 31.89% over 24h. Is the decline still continuing?
③ Have you planned your stop-loss? What will you do if your dip buy goes wrong?
If you can't answer these, it's better to wait a little longer.
Heavy volume on the way down signals strong disagreement. Wait for volume to taper off and the price to stabilize before making a move.
#Lobster
This is for informational purposes only and does not constitute investment advice.