Honestly, a friend just sent me a screenshot: it had plunged 2.2% in $TRUTH 5 minutes, and they asked if I wanted to buy the dip.
I replied: 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 candlesticks to stop falling and trading volume to ease before taking another look.
Current price: 0.01849, 24h: +3.05%. What would you say?
Volatility is high, so size your position according to what you can afford.
I replied: 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 candlesticks to stop falling and trading volume to ease before taking another look.
Current price: 0.01849, 24h: +3.05%. What would you say?
Volatility is high, so size your position according to what you can afford.