Quote from: NIrish on May 11, 2023, 04:47:44 PM

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?

In this situation, I could still have them but just a small chunk of investment. I'd rather make a new start in a new project which is going to rise, not coming from the hyped price as it was pretty hard to recover.

Although we can say correction would happen to the market but seeing it doing down from the top, seems to be not a good indication especially, if that project is new. Not totally we can say it turns to die but several coins have that situation and never rise back, so we need to anticipate such a thing as well.