Waves made a recent high of $4.55 (huobi USDT price) on Dec 19th 2018. It is now anticipated that the speed with which t is falling, it will come down very swiftly to around 1.365. The BTC short term bounce could not do much good to it.
Better to shift to a better asset and leave the sinking ship.
That's for sure when it pumps quickly, there will be an increasing number for that dump later on. As you have said it is starting to dump right now but $3 is still quite good and high compare from its past price of $1.