Post
Topic
Board Speculation (Altcoins)
Re: How do you decide on a buy price target?
by
kaseygriffin
on 16/05/2023, 06:41:57 UTC
(...)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?
As I used to enter it depends on many factors such as market movements, the trend that bitcoin is showing and its status in the short term or long term, and I also only add one price. How much is expected and suitable to start buying. I don't like how a lot of people are so sure that a target price can start because this market is so volatile we should set a long or short path against the desired profit we can expect. DCA has always been an appropriate solution and I think it fits the current market landscape where prices have fallen a lot from the ATH they have generated, of course for good coins over time. they will grow again on their trend, and what you need to do is research whether the project can afford to survive or adapt in this market over time, or simply until you see the benefits profits from them.