Everything depends on the type of operation and your capital. I believe in the appreciation of the asset, but that is not an absolute certainty. It is a volatile market; did you see that OM?? The number of people who were liquidated because they thought exactly this way (believing it would rise anyway)...

To confirm strength, it needs to consolidate above 230.

If it does not break this region, any negative news can cause the price to return to 190-170 and then 112-90. The question is: do you have the capital to hold if it falls down to there, entering at this current price? If so, all good. It’s this awareness that we need to have.

It’s not about whether it will rise anyway, but YES 👉🏽 RISK MANAGEMENT. The entry was back then; those who entered no longer lose... those who stayed out have to evaluate RISK vs RETURN.