This daily chart looks like a rug pull...
I think it could easily go lower...
My buying/investing strategy in 2 sentences...:

• I never try to catch the bottom when buying (or the top when selling), but I wait until it stops in the downtrend and starts to rise...in which case it usually shows a trend reversal pattern. That's when I buy (with a sell level, then I watch for a trend reversal after the top).
  This usually works for me 80+% of the time.