One more thing: a friend just sent me a screenshot—$Lobster dropped 3.72% in 5 minutes and asked if it was a good time to buy.
I said: I don't know where the bottom is, but I do know that jumping in right after a sharp drop often means catching it halfway down. I usually wait for the candlestick chart to level out and trading volume to taper off before taking another look.
Current price: 0.04268, 24h: +7.1%. What would you say?
#Lobster
Not financial advice. Make your own trading decisions.
I said: I don't know where the bottom is, but I do know that jumping in right after a sharp drop often means catching it halfway down. I usually wait for the candlestick chart to level out and trading volume to taper off before taking another look.
Current price: 0.04268, 24h: +7.1%. What would you say?
#Lobster
Not financial advice. Make your own trading decisions.