Lately, the most frequently asked question in PM is “can I buy more?” - No.

It is worth purchasing additionally only within the framework of the plan.

For each coin purchased, there is both a zone of interest for buying and selling and for additional purchases. To summarize, buying more before a drawdown of 60% is the murder of a deposit, since buying more at every drop of 10-20% in the end you can end up in a situation where you will have to buy more there’s nothing left and the average purchase price remains virtually unchanged.

Everyone has encountered this situation: bought at $1, saw a drawdown to $0.8 - bought more and continued to see the drawdown for a few more days, and then after a slight increase for a few more days 😀 then the price is already $0.6 and again bought more and went down again)))

It is important to understand that each financial market has its own volatility, in our favorite swamp 60% is just a beacon to start local analytics on the projects on which this drawdown occurred and only after it can you START THINKING ABOUT BUYING.

10-20-30-40% minus is dust that is not even worth attention, opening almost any coin on the same binance and looking at the chart for the last year you can see at least a couple of x2 and a couple of returns of -50-60%

There will be a separate detailed post about additional purchases and analytics after -60%, but now this is the case, a short excursion written to protect free stables and slightly relieve stress on those monitoring graphics))

Bottom line: you can’t buy more if the drawdown is less than 60%; a drawdown of 60% is a reason to start monitoring the project and think about buying additionally while assessing the local situation.