Myth: "It already dropped 80%, it can't fall much further." ๐
Fact: a coin that's down 80% can drop another 80%. That's -96% from the top.
The math:
$100 โ $20 after -80%
$20 โ $4 after another -80%
A low price isn't the same as cheap. Before buying that dip, check volume, upcoming token unlocks and whether anyone still builds on the project.
Ever caught a falling knife like this? ๐
#crypto #CryptoEducation #tradingtips #Binance
Fact: a coin that's down 80% can drop another 80%. That's -96% from the top.
The math:
$100 โ $20 after -80%
$20 โ $4 after another -80%
A low price isn't the same as cheap. Before buying that dip, check volume, upcoming token unlocks and whether anyone still builds on the project.
Ever caught a falling knife like this? ๐
#crypto #CryptoEducation #tradingtips #Binance