When a coin makes an all-time high and then there's a pullback in price, when should you buy if you want to?
Consider the experience of Hamzai. Hamzai missed the ETH run to all-time high in November of 2021. ETH was above $4,800 at the time.
Many were tweeting that ETH was going to $10k, and Hamzai secretly believed this. However, he was waiting for a pullback to buy.
ETH dropped by 25% and was trading at $3,700 on February 15, 2022. He took out a loan of $20,000 and bought ETH with $10,000.
By the 25th of February, ETH had dropped another 30% to $2,600. Hamzai bought with the remaining $10,000.
He's still holding ETH today and doing three jobs to pay back the loan.
đĄUnderstanding market cycle and structure would've helped Hamzai to wait and buy lower.
Should he sell or still hold ETH?
