#LawOfSupplyAndDemand
The depth showed that demand did not support supply above $70 (and this is still the case for now, to watch tomorrow during the inauguration).
Before buying:
1) Always analyze the DEPTH please to assess the liquidity in play on both sides of the price:
👉 demand on the left in green
👉 supply on the right in red.
2) Note the evolution of the capitalization on the info page and in the trading data:
👉 more entries = more demand,
the price increases to the right on the depth.
If the price encounters a larger red cliff that exceeds the green cliff opposite, then without any additional liquidity, the price will inexorably fall back to at least the next green cliff that will prevail over the red cliff opposite.
And the price will oscillate between the green and red cliffs.
It is through this analysis of the depth that you will be able to establish your purchase price scale in geometric progression allowing you to minimize your losses in the event of a drop and maximize your gains in the event of a price increase.
Do you want an example for your next purchase?