Weebit - 2021and beyond, page-3920

PeachTea, you have as much chance of this one going to $3 (in the absence of a negative news announcement or black swan event), as the poor optimistic soul who has an order in to buy 500 shares at 80c.

If you already have a position and are looking to add to it on the dips, waiting for those dips is fair enough, though I would be waiting for the gap to fill at around $3.55 in weebit's case, certainly not down to $3.

If you don't have a position and are looking to get in, then waiting for a dip is always a dangerous game in a bull run because the next thing you know price moves against you and you will be justifying to yourself why waiting for it to come down to $4 is a good approach.

Look at Bitcoin as another example - when price was at $23k, people are all waiting for it to come back to $18k or $14k, and next thing you know it's at $40k.

We can all play with the charts as much as we want, muck around with fib levels, support and resistance and pretend like we know what is going on. But in an environment where an announcement is expected anytime soon, and given the demand pressure WBT is experiencing, you would want to be very careful trying to be too cute. Whenever anyone buys, it's always slightly uncomfortable because we all want to pay less. But sometimes closing the eyes and hitting the buy button is a better approach than drawing lines on a graph.