Post
Topic
Board Speculation (Altcoins)
Re: How do you decide on a buy price target?
by
someone703
on 16/05/2023, 14:32:06 UTC
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?
I think that looking for the lowest target to determine buy is always a wrong decision to enter, we should ignore situations where we think it will happen. Instead develop a specific clear strategy to approach market volatility, in the current period the market is in a bad cycle to invest and expect profits to grow rapidly, but I can see great opportunity if I look long term. An appropriate time here is when the market is gloomy and there is not much money pouring in to promote development, if your finances can be maintained and met with many balance criteria in the future. life you can buy and keep them in the long run, rather DCA would make sense during this period, even if the price goes up, DCA will also bring positive returns on the investment, and in my experience it's risky because when you are in the latter part of the bull cycle then you will lose time as well as money. So I think this is a good time to start thinking about the next crypto bull market.