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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.