Man, market is sketchy as hell right now. We got a lot of lower resistance at 32,500, if we break that we are going down to like 30,000-29,500, if we break that, we're going all the way down to like 20K possibly. Right now, we have to break through 37,500, if we can hold above that, we have to break through like 42,500-43,000, then 52,000. We tested 32,500 this morning, I'm not for sure how many times we can get away with that because it is such a weak level of resistance. 29,500 seems to have a lot more strength.
Personally, I think were going down to 29,500 with what I am seeing at the moment. There is just way too much fud going on with everything in the global scheme of things. We need some type of good news or event pertaining to either crypto, the stock market, the economy, something financial wise, lol. If you really wanting to get a bag going with saito long term, just dollar cost average your investment in. If you have a couple hundred dollars you wanting to throw at it, put a couple bucks in every time the market bottoms. If it doesn't break the resistance at the top, it's going to bounce back to the bottom resistance, throw 100 bucks in and see what it does after. If it breaks through the previous bottom resistance, wait to throw another hundred bucks in when it hits the next lower level of resistance.
Or you could just throw it all in and hodl. Either way, scared money doesn't make money, but you can be smart about it and make incremental moves to maximize taking advantage of the market but also how far your dollar will go.