Buy the dip and hod?
Looking at the risk involved do I really need to buy the dip?
Do I also need to hold ?
It is actually a risk but if it's a calculated risk then it's worth it . Buying the dip is obviously a profitable out if the price increases over time but what is the guarantee for a rise especially in a situation where there are several conditions that can manipulate the market
In a situation where there is a pump and dump scheme if not properly investigated and checked one can make a financial mistake thereby buying the dip when not supposed to and hold  when not supposed to and vise versa .
It's not entirely a bad idea to buy the dip and hold but then it should be done after you must have done all your market analysis and is sure that a decision is need at the moment