$NEAR 5 minutes -1.71%, current price: 4.708. If you're thinking of buying the dip, run through these three questions first:
① Is there any sign the drop has bottomed, with the 24h low of 4.704 holding?
② This was a sudden plunge. What will you do if it drops further?
③ Have you planned your position? What’s your exit plan if you get it wrong?
If you can’t answer these, you’re better off waiting.
The sharper the drop, the easier it is to get carried away by emotions.
① Is there any sign the drop has bottomed, with the 24h low of 4.704 holding?
② This was a sudden plunge. What will you do if it drops further?
③ Have you planned your position? What’s your exit plan if you get it wrong?
If you can’t answer these, you’re better off waiting.
The sharper the drop, the easier it is to get carried away by emotions.