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?
(....)
Most people especially traders will always have a basis when they will buy, some could be using supports and resistances. Some are using historical prices of a particular cryptocurrency, for example: on this price, the price peaked before and after that, it went dumped or vice versa.
While some are also not buying the dip or dump because they will not guarantee that it is the dip already or the cheapest, some are starting to buy once the price is bouncing back.