How do you decide on a buy price target? - page 4.

TimeTeller

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Quote from: Natalim on May 23, 2023, 04:42:59 PM

In this situation, I could still have them but just a small chunk of investment. I'd rather make a new start in a new project which is going to rise, not coming from the hyped price as it was pretty hard to recover.

Although we can say correction would happen to the market but seeing it doing down from the top, seems to be not a good indication especially, if that project is new. Not totally we can say it turns to die but several coins have that situation and never rise back, so we need to anticipate such a thing as well.

People should also consider if the project has long-term plans to begin with.
Because it may be in free fall because it is about to be abandoned by its owners.
Each project should be taken seriously if you are spending your hard-earned money.
Thus, you need to know the future of the project, if there's any. Most are just wasting your time.

South Park

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Quote from: NIrish on May 11, 2023, 11:47:44 AM

I've been interested in adding Optimism and ImmutableX to my portfolio but their price has been inflated after big run ups.

Now they are both in freefall and I'm considering an entry point.

How do you decide where to take the plunge? A certain %drop from the top or a %above bottom?

Or do you just look at previous levels as the traders always mention, Optimism is getting close to some previous tops at $1.3 for example?

Or do you get buy targets from another source?

One of the easiest ways in which you can do this is to use a SMA, if the price is below the SMA of a coin, it has remained relatively stable and you think the coin has the potential to recover then maybe it is time to consider buying the coin as it has a good enough price for you to buy, personally this is something I use with bitcoin from time to time and in theory you should be able to use a similar strategy with altcoins as well.

Natalim

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Quote from: NIrish on May 11, 2023, 11:47:44 AM

I've been interested in adding Optimism and ImmutableX to my portfolio but their price has been inflated after big run ups.

Now they are both in freefall and I'm considering an entry point.

How do you decide where to take the plunge? A certain %drop from the top or a %above bottom?

Or do you just look at previous levels as the traders always mention, Optimism is getting close to some previous tops at $1.3 for example?

Or do you get buy targets from another source?

In this situation, I could still have them but just a small chunk of investment. I'd rather make a new start in a new project which is going to rise, not coming from the hyped price as it was pretty hard to recover.

Although we can say correction would happen to the market but seeing it doing down from the top, seems to be not a good indication especially, if that project is new. Not totally we can say it turns to die but several coins have that situation and never rise back, so we need to anticipate such a thing as well.

Ojima-ojo

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Quote from: NIrish on May 11, 2023, 11:47:44 AM

I've been interested in adding Optimism and ImmutableX to my portfolio but their price has been inflated after big run ups.

Why feeling so for a period not up to a space of three months if you hold your portfolios in an asset that gives future assurance, and regardless of whether or not it pick or fall at some points.

Having a well-informed selection of assets can give you a better chance of future confidence, and avoiding hyped assets also helps reduce frequent alteration of the balance figure.

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Now they are both in freefall and I'm considering an entry point.

How do you decide where to take the plunge? A certain %drop from the top or a %above bottom?

Or do you just look at previous levels as the traders always mention, Optimism is getting close to some previous tops at $1.3 for example.

Or do you get to buy targets from another source?

I plug in regardless of price, although I have been a single pair holder and Bitcoin is my best asset storage, I have an in-depth knowledge of another portfolio in the altcoin categories.

Jumping on a coin at some point is highly risky, and if not well calculated it may lead to such feeling as ops is having right now.

GreatArkansas

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Quote from: NIrish on May 11, 2023, 11:47:44 AM

How do you decide where to take the plunge? A certain %drop from the top or a %above bottom?
Or do you just look at previous levels as the traders always mention, Optimism is getting close to some previous tops at $1.3 for example?
(....)

Most people especially traders will always have a basis when they will buy, some could be using supports and resistances. Some are using historical prices of a particular cryptocurrency, for example: on this price, the price peaked before and after that, it went dumped or vice versa.

While some are also not buying the dip or dump because they will not guarantee that it is the dip already or the cheapest, some are starting to buy once the price is bouncing back.

AmoreJaz

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Quote from: raidarksword on May 18, 2023, 08:48:01 AM

Speculating the market is hard because crypto market is fast moving and no one really can predict it when it pump or dump that's why DCA is the best strategy to fulfill those buy orders of yours which is tested and proven strategy. If you are lucky enough when market crash, then it's the best way to get those buys with good discount from the market. Always have some stable coins when market sentiments is negative but I would suggest to apply DCA.

but not all projects which crashed are worth buying. actually, most of them will have a continuous downward spiral and there's no chance of revival. so when you choose such alt to buy, better check the reason/s why they are getting dump. because for sure they have reasons. do remember, most of them are heading to worthless coins or tokens. so if you buy big, it means, you are getting rekt big. this is why most are still opting to top alts so even if they go down, they have higher possibility of going up again. your choice!

RussianEnglishTranslation

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Personally I don't trade anymore, not until the bull market at least. For the time being I am participating in Twitter giveaways, bounties, and airdrops. Zealy io has a lot of bounties and Q Blockchain has giveaways on Twitter. On Zealy you can find bounties for promising projects like Shardeum and Lamina1.

raidarksword

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Speculating the market is hard because crypto market is fast moving and no one really can predict it when it pump or dump that's why DCA is the best strategy to fulfill those buy orders of yours which is tested and proven strategy. If you are lucky enough when market crash, then it's the best way to get those buys with good discount from the market. Always have some stable coins when market sentiments is negative but I would suggest to apply DCA.

Iyeman

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Quote from: terciduk123 on May 17, 2023, 01:32:55 AM

Although occasionally when we buy the price continues to decline, it is a good idea to buy when the price is undergoing a correction. The most crucial factor is how we perceive the state of the market. Make sure your investment is in the right token - The team is doing a great job, and there are many of goals and accomplishments to be made -, use the DCA technique, and don't make all of your purchases at once with all of your available funds.
I also hold some OP tokens -Optimism-, I think it's a good project for the future.

the thing that make me doubtful investing in layer 2 token is that, what's exactly the use of the token though other than governance, the blockchain still uses ethereum for gas fee, so I think that alone already decrease utility of the layer 2 token in which in this case im sure gonna make the token hardly increase in value in the future.

riskarcher

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IMX one of my target for DCA and the project is have great fundemental for the future of crypto. I will decide buy price target when fear and greed index is reach high fear thats the moment to entry price and accumulate coin on yoour portofolio. It will hard for us to read situation of chart market and needed skill for analytic of chart crypto market

tvplus006

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Quote from: NIrish on May 11, 2023, 11:47:44 AM

..How do you decide where to take the plunge? A certain %drop from the top or a %above bottom?

Or do you just look at previous levels as the traders always mention, Optimism is getting close to some previous tops at $1.3 for example?

You can consider your purchases when the price approaches the support level. These same levels coincide with the Fibonacci level, which is much easier to use than other trading instruments. But you need to remember that the support level can also be broken, so distribute your balance so that you have money left to buy from the next support level.

terciduk123

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Although occasionally when we buy the price continues to decline, it is a good idea to buy when the price is undergoing a correction. The most crucial factor is how we perceive the state of the market. Make sure your investment is in the right token - The team is doing a great job, and there are many of goals and accomplishments to be made -, use the DCA technique, and don't make all of your purchases at once with all of your available funds.
I also hold some OP tokens -Optimism-, I think it's a good project for the future.

peter0425

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Quote from: ethereumhunter on May 16, 2023, 05:36:33 AM

Quote from: kotajikikox on May 16, 2023, 12:04:57 AM

Quote from: ethereumhunter on May 14, 2023, 11:58:32 AM

But it's best not to buy an all-in with $10 right away because if the price keeps dropping, you can't buy it anymore. Usually, I'll place a buy order 3 or 5 down the line from the buy order and wait for it to fill. And if the price continues to decrease after that, I will place a buy order on the bottom 5 rows again.

until when this will be given? 10$ might be high to buy now but what if the price grows overnight then the chance of buying will be increase prices also .

If the price grows overnight, it is an advantage for us because we can sell it at a high price and don't have to buy at a low price or hold it for too long.

that is "IF THE PRICE GROWS OVERNIGHT" but what if Not? and have you seen Bitcoin growing like this? well this commonly happening in shitcoin and those who are being manipulated coins Grin

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And that's just an example that I usually use, but maybe the usage also depends on the situation and conditions that occur in the market. If you can analyze it better, you will know whether to place another buy order at a lower price or simply place a single buy order, as I showed you. It all depends on your experience and expertise in analyzing it.

just buy if you trust the coin , don't bother go deeper when you believe in what you are investing.
sometimes we need Guts and Luck to succeed in investments here Wink

Reatim

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Quote from: dansus021 on May 13, 2023, 03:09:30 AM

First of all your choice about OPtimism and Immutable is good choice in my opinion layer 2 is on the rise nowadays but the bitcoin price is not good making this is not the good moment.

but what he wanted to learn is the target price in which the best timing to enter .

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Im gonna share my opinion though the price of bitcoin now is testing 26K support or 100 EMA and it seems the price reject at that point. When bitcoin price reject for couple of days and show bullish I think that is the right call to buy altcoin like Optimism.

Hope that those coins will truly follow the movement of bitcoin
for OP to gather what he is targeting to earn.

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The graph shows the resistance but yes we keep holding about that price and maybe 26k isn't coming any time now or soon.

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If you look at the chart the yellow line is previously a resistance and now turning into a major support although is not there yet. you need to be carefully since the price already broke the 200 EMA and I would say the good entry point for OP is $1.2 and take profit on $2

while that seems to be close, why not purchase at 1.3$ instead of waiting more since there is only a 10 cents difference .

kotajikikox

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Quote from: ethereumhunter on May 16, 2023, 05:36:33 AM

Quote from: kotajikikox on May 16, 2023, 12:04:57 AM

Quote from: ethereumhunter on May 14, 2023, 11:58:32 AM

But it's best not to buy an all-in with $10 right away because if the price keeps dropping, you can't buy it anymore. Usually, I'll place a buy order 3 or 5 down the line from the buy order and wait for it to fill. And if the price continues to decrease after that, I will place a buy order on the bottom 5 rows again.

until when this will be given? 10$ might be high to buy now but what if the price grows overnight then the chance of buying will be increase prices also .

If the price grows overnight, it is an advantage for us because we can sell it at a high price and don't have to buy at a low price or hold it for too long.

And that's just an example that I usually use, but maybe the usage also depends on the situation and conditions that occur in the market. If you can analyze it better, you will know whether to place another buy order at a lower price or simply place a single buy order, as I showed you. It all depends on your experience and expertise in analyzing it.

but this is not an easy task mate because we have to to this >>

-First = you must have a big trust in that currency ,

-Second = you must be a risk taker

-Third = you must have to get the proper timing

those qualities and part must take place before you finally earn and gather that target price of buying and of course selling .

Mpamaegbu

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Quote from: NIrish on May 11, 2023, 11:47:44 AM

Now they are both in freefall and I'm considering an entry point.

To avoid catching a falling knife, the first thing you or anyone who's interested in a project that's dumping should do is to quickly rush to any social media outlet of the project to find out why the dump is happening and if there's any internal scruples. You can't miss this if there's anything wrong going on. Someone on the media channel is bound to expose it. Don't rush to buy any coin because you feel the price has depreciated. Find out why first.

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How do you decide where to take the plunge? A certain %drop from the top or a %above bottom?

I do random buying using the DCA technique.

Adbitco

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If you had already traded and some make previous profits why not ignore it for a while because I still believe you still witness more down fall instead
of entering the trade at a wrong spot. Why don't you think of placing some orders in 3 place with each on the lower prices maybe if the coin drops below the previous it trigers as your orders are being placed accordingly. I think this would be the best solutions since you don't really know were to direct your shoots and believe this time it will have a directions.

SirLancelot

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Quote from: MFahad on May 14, 2023, 02:43:13 PM

The best strategy is to wait for btc correction which will force many over confidence buyers to sell some coins and almost all altcoins will be down. now this is best opportunity to take entry but not use all fund because another btc down will drop altcoins more. I am just trading in gainers for 5 Minute trade which is high risky and i will not recommend to any one but i think buying any coin in Fomo is worst buying because if it's price down from here then tou have to wait long for it's price to be rise back to this stage

Those who buy from gainers are mainly those who FOMO, I don't know how one can be profitable in that, though I know it sometimes works out because when a coin is going up, you might see it before it has already reached the top and if you buy immediately and sell before it dips, you will be in profit but as you said, it is very risky.

I tried to do the same once with a token that was going straight up, I thought I can make use of the volatility and get some dollars and exit before it dips, and as soon as I bought, it started dipping right from that point and I lost a lot of money in that trade.

someone703

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Quote from: NIrish on May 11, 2023, 11:47:44 AM

I've been interested in adding Optimism and ImmutableX to my portfolio but their price has been inflated after big run ups.

Now they are both in freefall and I'm considering an entry point.

How do you decide where to take the plunge? A certain %drop from the top or a %above bottom?

Or do you just look at previous levels as the traders always mention, Optimism is getting close to some previous tops at $1.3 for example?

Or do you get buy targets from another source?

I think that looking for the lowest target to determine buy is always a wrong decision to enter, we should ignore situations where we think it will happen. Instead develop a specific clear strategy to approach market volatility, in the current period the market is in a bad cycle to invest and expect profits to grow rapidly, but I can see great opportunity if I look long term. An appropriate time here is when the market is gloomy and there is not much money pouring in to promote development, if your finances can be maintained and met with many balance criteria in the future. life you can buy and keep them in the long run, rather DCA would make sense during this period, even if the price goes up, DCA will also bring positive returns on the investment, and in my experience it's risky because when you are in the latter part of the bull cycle then you will lose time as well as money. So I think this is a good time to start thinking about the next crypto bull market.

ethereumhunter

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Quote from: kotajikikox on May 16, 2023, 12:04:57 AM

Quote from: ethereumhunter on May 14, 2023, 11:58:32 AM

But it's best not to buy an all-in with $10 right away because if the price keeps dropping, you can't buy it anymore. Usually, I'll place a buy order 3 or 5 down the line from the buy order and wait for it to fill. And if the price continues to decrease after that, I will place a buy order on the bottom 5 rows again.

until when this will be given? 10$ might be high to buy now but what if the price grows overnight then the chance of buying will be increase prices also .

If the price grows overnight, it is an advantage for us because we can sell it at a high price and don't have to buy at a low price or hold it for too long.

And that's just an example that I usually use, but maybe the usage also depends on the situation and conditions that occur in the market. If you can analyze it better, you will know whether to place another buy order at a lower price or simply place a single buy order, as I showed you. It all depends on your experience and expertise in analyzing it.

Topic: How do you decide on a buy price target? - page 4. (Read 839 times)