$SOXLB 5 minutes -3.14%, current price 92.62. If you're itching to buy the dip, first consider these three questions:
① Is the 24h low of 91.8 holding as support? Are there signs the decline is bottoming out?
② It's already down 10.16% over 24h—is the decline still accelerating?
③ Have you planned your position? How will you exit if your dip-buying call is wrong?
If you haven't thought it through, it's better to wait and see.
The rebound after the first big bearish candle is often a window to reduce your position.
① Is the 24h low of 91.8 holding as support? Are there signs the decline is bottoming out?
② It's already down 10.16% over 24h—is the decline still accelerating?
③ Have you planned your position? How will you exit if your dip-buying call is wrong?
If you haven't thought it through, it's better to wait and see.
The rebound after the first big bearish candle is often a window to reduce your position.