Should we buy the dip for #soon ?
🚦 Let's first look at the logic
$soon
According to the previous analysis, this coin currently:
✅ Has already fallen below the early private placement price (0.15)
✅ Exhibits 'oversold' characteristics after emotional release
✅ Early project funds have most likely cashed out
From a purely short-term emotional speculation perspective, after falling below the private placement price, there is sometimes short-term buying to catch the dip, with a rebound of 10%-30% being very common, especially when:
• Some retail investors still want to buy low and bet on a rebound
• Market makers also need to push the price up a bit to make room for the subsequent selling pressure
Therefore, it is worth considering a short-term play for a rebound, but it should be clear that this is a high-risk short-term strategy.
⚠️ Risk points to pay attention to
1️⃣ Currently, most market rebounds are 'weak pullbacks'
• Because there isn't significant capital continuously building positions at the bottom; it's just a technical bounce after overly pessimistic sentiment.
• Usually, this will end after a couple of candlesticks.
2️⃣ If there are continuous unlocks + the project team is still selling, the rebound will be very limited.
3️⃣ Without fundamental support, if the price rises too much, people will sell off immediately.
🎯 If you want to buy the dip, here's how to do it
🔸 Use a small position to test the waters, with 5%-10% of your usual funds.
(For example, if your account has 10,000 USDT, take a maximum of 500-1,000 USDT to speculate short-term)
🔸 Set strict stop-losses
For example:
• If the price falls below 0.13 (assuming the current price is 0.15), cut losses immediately.
🔸 Be decisive with profit-taking
• If it rebounds to 0.18-0.20, take profits in batches.
• This is an emotional rebound market; do not fantasize about new highs.
🔸 Pay close attention to the order book and capital flow
• Watch for multiple large orders eating through the wall orders (directly sweeping away the limit orders); this could indicate small funds are pushing the price up.
• If there are only sporadic small orders, the rebound strength will be very weak.