The fact is that we see the price chart of the past time.
And because of this, in the present time it is impossible to understand where the price chart of bitcoin or any other cryptocurrency will move later.
It happens because market can be manipulated by the whales and it can be more volatile if any good or bad news arrives. For that period no chart analysis is going to work properly. Because then people are going to buy with FOMO(Fear Of Missing Out) or sell with FUD(Fear, Uncertainty and Doubt).
As this happens we should put stop loss at a lower level of support zone so that we bear a small loss and can invest at more lower price.
True, but not quite accurate. The market sometimes reacts to the news at the moment of its appearance, even if the event described in the news happens later. And sometimes the market reacts to the news only when this event comes according to the calendar and the clock. Market reversals, bottoms and all-time highs come from news and psychology. They are fixed on the chart and support and resistance levels are formed from their repetitions. Which later begin to influence the market themselves.
[in general, you need to buy and sell Parts of the deposit. Then you will definitely guess everything.
This is a best idea for having a good avarage price of investment. You can do DCA(Dollar Cost Averaging) which is more essential at this point to invest for long term.
Yes, averaging is a great way to consistently make a profit. The feeling of lost profits will not stifle so much.