Post
Topic
Board Speculation (Altcoins)
Re: How do you decide on a buy price target?
by
SirLancelot
on 17/06/2023, 07:26:25 UTC
No target to have is might better because they accept buy continuously and they Usually, when we set a target buying price,we are making sure that it is the best price and we ignore the fact that it is not going to be easy. There is optimism and it's a good thing. I think this is also the reason on why we are rising.at last we are running in race like that we think it.
No matter how you feel about technical analysis, you cannot ignore the fact that there is a level of support and resistance. Accordingly, you should make your purchases from the support level. And if you also use DCA, you will get an excellent average coin price.
Both technical analysis and support and resistance levels can be good indicators but we can also not ignore the fact that real world events can always make things go ways we never expect, so it is obviously better if we also keep an eye for that and buy accordingly, if we are uncertain about the changes to come but the price is pretty good, we should simply start doing DCA right at that time.

Someone who does DCA with coins that they want to purchase and keep until the bear market will actually be the one who wouldn't miss any dips and at the end, they will have a very good average buying price for each token they've been buying with DCA method.