My take on this is that it depends a lot on the time frame. My opinion is that Monero has very strong fundamentals that can lead upside over the medium to long term. On the other hand a day trader using margin can very easily get stopped out long before any fundamentals are reflected on the price. The recent drop has been very close to lock step with Ethererum. Interestingly Monero is at a significant support level while Ethrereum is not. It is very possible that we see a decoupling at this point.
Investing in Crypto currency is not for the faint of heart. One can see a complete loss of the invested funds and also explosive upside returns. Even Bitcoin has seen some extreme movements like a drop from over 30 USD to 2 USD in 2011 followed by a rise over the following two years from 2 USD to over 1000 USD. Then followed by a low just over 150 USD. Monero is even more volatile.