After $$BOT 13% plunges, is it still not done dropping at 31.45? I’m going to be direct: place limit orders to wait for a rebound—no betting on the bottom.

This volume is 5.4M. The selloff has been shrinking with a slow red slide from 38.68 down to now 31.14, holding the low but not rebounding with volume. What does that mean? Retail panic has probably sold out, but the big whales aren’t rushing to catch it yet. In this kind of market, buying in batches at lower levels is ten times safer than chasing the bottom.
Entry strategy: place the first batch at 31.00–31.20. For those who think 1U is all-in, use a 10% position size; for the cautious, only place 5%. If it drops to 30.50 and doesn’t break, then add another 5%. Put the stop-loss at 30.20—if it breaks, it likely continues drifting down. Don’t hold out; if you lose 2%, accept it. Don’t wait until it’s halved and start crying.
Take-profit in two tiers: first at 32.80—when it hits, cut half and lock in a 2% profit; second at 34.00. If volume still increases at this level, keep the rest and watch for 35. If there’s no volume, sell everything immediately—don’t get greedy.
24h high was 38.68; now it’s 31.45. A 20% rebound to 37 is normal, but don’t fantasize about a V-shaped reversal. In this setup, the key is staying alive and waiting for right-side signals—only talk about a trend reversal after 24h trading volume climbs back above 8 million.
My own limit order is placed at 31.10. Stop-loss is 30.20. Take-profit is 32.80; I’ll sell half first. Keep position sizing within 3% of total assets—after all, in a bear market, nobody can predict the absolute lowest point.
Don’t ask me whether you should all-in—answer is: don’t open a position. No off-plan trades.