In response to a follower's question who entered BANANAS31 at a price of $0.0090 and started to worry about the drop:
First, my brother, it's normal to see fluctuations in meme coins, especially after a strong rise like what happened. Currently, the price is moving near an important support between $0.0076 and $0.0080, and here you have two possibilities:
โ If the price returns to your entry point or close to it ($0.0086โ$0.0090), you can exit with minimal loss or without loss at all, and protect your balance from any new fluctuations.
โ If you still have part of your capital remaining, you might consider averaging down, but cautiously, only if the price touches the support and starts to actually bounce back (not just a fluctuation), and under the conditions: there should be incoming liquidity, meaning strong green candles and clear volume.
๐ซ As for random averaging down just because the price dropped? I do not recommend that, because it may continue to drop and double the loss.
โ Sometimes the best decision is patience, and sometimes the best decision is to exit with minimal damage. The important thing is to always maintain your capital, because opportunities donโt stop ๐
๐ Share with us: Would you average down if you were in the same situation? Or would you wait and sell at the entry point? ๐ค๐
$BANANAS31 ๐๏ธโ๐จ๏ธ๐
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