I've opened a position, but why am I happy when the price drops?
My answer is, because I opened the position just for the sake of it (small size).
When it drops, I'll increase the size. If it drops again, I'll increase the size again. Then my average price will be even lower.
And when it goes BOOM, yeeaaahhh IYKWIM. Hehehe.
So what if it continues to drop to $1 or even less, then I'll increase the size again.
At a time like now, it's logically unlikely that $MYX will drop to 0.5 or even 0.000~, as it's highly likely to enter altcoin season. And remember, they have a target of $3 or even crazier $5.
It's a different story when the situation isn't like now. #tradingstrategy