$US 15 minutes -4.77%, current price 0.005631. If you're thinking of buying the dip, ask yourself three questions first:
① The 24h low of 0.005573 is still below us. Are there any signs of stabilization?
② This was a sudden, sharp drop. What will you do if it retests the bottom?
③ Have you planned your position? What’s your exit plan if you get it wrong?
If you can’t answer these, it may be better to wait a little longer.
During a downtrend, the key thing to watch is whether trading volume is shrinking.
NFA, DYOR.
① The 24h low of 0.005573 is still below us. Are there any signs of stabilization?
② This was a sudden, sharp drop. What will you do if it retests the bottom?
③ Have you planned your position? What’s your exit plan if you get it wrong?
If you can’t answer these, it may be better to wait a little longer.
During a downtrend, the key thing to watch is whether trading volume is shrinking.
NFA, DYOR.