There is very little chance of BOOM going up in coming days, the market is not very much positive and BOOM behavior throughout this bull run is also very disappointing. My advice is not to jump into such coins at the moment.
Better find some other coin since I dont think there is chance of BOOM to go up there is no development coming from BOOM side and there token burning will take time before it will reach to a place where its demand surpass its supply. Till then you can roam somewhere else.
You are correct in saying this. But the real profit comes when you buy a coin when its down and everyone is running away from that coin. You buy that one and HODL and sell when it takes a big jump.