How do you decide on a buy price target?

[NIrish]

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?

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[blockman]

Or do you get buy targets from another source?

I was like this before but it has made me a lot of losses from doing so. It's not an effective strategy for me and it's like going wherever the crowd is going.

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?

I'm always looking at their charts and looking if they're under some certain level or prices that I'm thinking about them. It's backed up by a bit of research if they're doing well or not for them to have that type of chart.

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

It varies but if you're optimistic with a certain project, DCA.

[o48o]

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?

Either i do slow dca as you don't know where the exact bottom is and it's dangerous to try to catch a "falling knife". However if i do want to catch the bottom i will include some support fib lines to my technical analysis, those work surprisingly often. But with the 2 altcoins you asked about, if i would like to buy Optimism for some reason, i would wait for $0.9 and lower. It might bounce from $1 but i think it could be temporary bounce. As for IMX i can't see any reason it wouldn't go under ATL. I can't see any future in that and there's no way to tell where the bottom is.

[Teraboy]

I usually accumulate when the coin has reached its most decrease that is when it hardly decrease anymore and there are price swings frequently occuring i think that's like the right time to buy, but then again seeking the very bottom is really hard, usually if things go wrong with investing at the bottom like it further got some correction just wait it out.

[Silberman]

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 have the personal policy of never trying to catch a falling knife no matter how attractive a project could be, if the coin in which you want to invest is still experimenting a sharp drop then stay away from it and be patient, you need to wait until the drop ends and some sort of stability is reached, doing anything else other than that will expose you to massive risks and the chances you will lose your money will increase immensely.

[bittick]

it's really hard to decide the right buy price target, of course everyone definitely gonna choose the lowest price for buying target but the question is could they?
most of them are just gonna follow the flow, don't know whether their entry is good and only later they gonna find out about it.

[nimogsm]

I always wait for the price to stop and see what the situation is around the market and only after that I can buy 25% of what I planned if it goes lower, I still buy. I work mainly according to this scheme, since it is safer and at the first opportunity I try to sell if the price suits me, or I will continue to hold if there is an unrealized prospect in the project.

[Marykeller]

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?

My decision on the ideal starting point for a crypto investment is typically difficult.  When I want to invest in an altcoin, what I find myself doing is investing in it gradually. I don't immediately buy in any altcoins. For instance, if I wanted to invest $100 in optimism coin, I would initially invest 20% of the money, then 30%, and then 50%. As the price of the altcoin declines, that's how I will be investing in the altcoin gradually until I exhaust the money I mapped out for the crypto investment

[goaldigger]

I always wait for the price to stop and see what the situation is around the market and only after that I can buy 25% of what I planned if it goes lower, I still buy. I work mainly according to this scheme, since it is safer and at the first opportunity I try to sell if the price suits me, or I will continue to hold if there is an unrealized prospect in the project.

It’s always good to have this kind of strategy and focus on this, I personally have my own as well.
I do analyze the price trend and if it goes on a good position, I’ll buy some. Anyway, if you are not so sure about when to buy, always look at the chart and see the good price. There should be no pressure in buying, you have to take your time to analyze and make sure you didn’t miss anything, trading can be very tricky most of the time, and the fees can’t tell if its a good time to buy.

[duckalis]

IMX is already up 3.3% and OP is up 7.6% for the day (13 May). I hope you managed to buy something on the drawdown. And hope it was OP as its price is rising more optimistically.
And the reason is most likely that Optimism has been tapped as the protocol for hosting Worldcoin’s flagship apps.

[dansus021]

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.

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.



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

[SmartGold01]

If you are you good with candlestick then you can look to detect were to buy or sell, usually as a trader you can buy 10 percent below the initial price or lower then you can also sells back when it gains a 15 percent increase in price at this point selling with 5 percent changes. However, if those token are being listed on binance or in a reputable exchange you can set a buy or sell limit to help you save your lost.

[NIrish]

Thanks everyone for your replies, I've really enjoyed the various outlooks on choosing an entry point.

I didn't take the plunge on OP or IMX despite their significant downtrend, partially as I fear Bitcoin dropping to $25K and better buying opportunities may present there.

I've made the mistake of buying a few others HBAR, AGIX, AR as prices were dropping .... and then they dropped significantly further.  Perhaps I should have waited until prices stabilized as suggested.  Or DCA'ed in so I could potentially buy lower too.

I guess I'll keep my powder dry for now and watch for OP targets mentioned above of $1.2 to $0.9

[umbara ardian]

I never try to bottom any altcoin project, no matter how attractive it is; trying to bottom only makes the sentiment more confused. In case the price of my favorite altcoin is falling, I will use Fibo or some other price analysis tool to see if the price will stop falling. Then I will use DCA to maximize its bottom-fishing ability. The important thing is to wait and patiently stick to the plan until you have 50% success already.

[ethereumhunter]

The important thing is that you have a plan for how much money you want to invest in the coin. For example, you want to use $10 to invest in that coin. You can buy it at current prices for $2-$3 or even $5.

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.

[MFahad]

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

[bussybuddy]

(...)

Based on the signals and information that you have with that project to make a decision with it, I think the investment will be more risky if it is only for the short term. And when we have studied them and spent a lot of time observing, the risk ratio will certainly have to be greatly reduced, the method that I recommend is DCA, you should buy them gradually with the right amount of capital over time. When that investment pays off for you, you'll feel better. Personally, there are some coins at this stage that I also have high hopes for in the future bull cycle, but in general everything revolves around the volatility of bitcoin.

[wheelz1200]

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?

When things are plunging or spiking my best advise would be to just cost average in.  Many reasons for it but for me it limits the downside risk so if you buy a little and it keeps falling you aremt all in and can continue to buy.  It eliminates the need to try to call the bottom.  And if it spikes its not like you were completely out of it and can catch some of the uptick.  Either way good luck with your adventure on stacking sats!

[Psynthax]

ust see whether the current price far off from the highest then you can just accumulate, as many have said, seeking for the bottom of the price, most of the time you just gonna outright fail because no one have idea.
just find good price point and you're set.

[bitterguy28]

ust see whether the current price far off from the highest then you can just accumulate, as many have said, seeking for the bottom of the price, most of the time you just gonna outright fail because no one have idea.
just find good price point and you're set.

but don't just believe in what are those coin instead about what is the future ,
because there are so much happening in altcoins and what we must be concern off is about the future ,
the potential of increase is there but would be be back? or will continue to fall
those are the factor in which many are losing and this is why we should understand the behavior of each project we are going to invest with.