As for me when it comes to the phases of the market, bearish or bullish, down or up etc. the great buying of assets is when the price is low and decreasing why? because the chance of gaining from that coins is huge.
That's where a lot people go wrong, especially when it comes to altcoins. It's impossible to say whether or not the price of an altcoin is low, regardless of how much it has gone down prior to that.
People kept saying that Bitcoin at $15,000 was low and for that reason a solid dip to buy. Then it was $10,000 where people thought that it wouldn't fall below that psychologically important barrier, but it did.
With crypto you should be ready to see prices tank up to 90% from their highs, especially when it comes to altcoins. People thinking that prices are low because they went down with 50% already will be burned hard.
50% down will turn into 70% down and soon after 90% down.