$UAI hours -13.47%, current price 0.3225. If you’re itching to buy the dip, ask yourself three questions first:
① The 24h low of 0.3034 is still below us. Are there any signs the price has stopped falling?
② This was a sudden plunge. Could you handle it if the price retests the bottom?
③ Have you planned your stop-loss? What will you do if your entry is wrong?
If you can’t answer these, it’s better to wait and see.
Until there are signs the price has bottomed, doing less is safer.
① The 24h low of 0.3034 is still below us. Are there any signs the price has stopped falling?
② This was a sudden plunge. Could you handle it if the price retests the bottom?
③ Have you planned your stop-loss? What will you do if your entry is wrong?
If you can’t answer these, it’s better to wait and see.
Until there are signs the price has bottomed, doing less is safer.