I've been interested in adding Optimism and ImmutableX to my portfolio but their price has been inflated after big run ups.
Now they are both in freefall and I'm considering an entry point.
How do you decide where to take the plunge? A certain %drop from the top or a %above bottom?
Or do you just look at previous levels as the traders always mention, Optimism is getting close to some previous tops at $1.3 for example?
Or do you get buy targets from another source?
My decision on the ideal starting point for a crypto investment is typically difficult. When I want to invest in an altcoin, what I find myself doing is investing in it gradually. I don't immediately buy in any altcoins. For instance, if I wanted to invest $100 in optimism coin, I would initially invest 20% of the money, then 30%, and then 50%. As the price of the altcoin declines, that's how I will be investing in the altcoin gradually.