Golden tip: When looking to buy a crashed coin, go for one that dropped sharply with a single long red candle — like $OM
. But act fast and buy right after the dip. This type of move often leads to a strong rebound, potentially doubling your investment.
On the other hand, if a coin is in a steady decline with multiple red candles and loses over 20% of its value — like $BANANAS31
# — avoid buying until it shows signs of stability.