Hey Michael,
The “dip price” typically refers to the recent low price point in the cryptocurrency’s price chart. This could be the most recent dip or a significant dip that occurred within a certain timeframe, depending on your strategy and the specific conditions you’re considering. It’s not necessarily the all-time low, but rather a recent low point that may indicate a potential buying opportunity or a level of support in the price movement. Personally, I use the all time low because I am a long term investor.
I hope this helps!
Crypto Tuna
What exactly do you input into the “dip price” box? Which dip? Most recent? Or all time low?
Hey Michael,
The “dip price” typically refers to the recent low price point in the cryptocurrency’s price chart. This could be the most recent dip or a significant dip that occurred within a certain timeframe, depending on your strategy and the specific conditions you’re considering. It’s not necessarily the all-time low, but rather a recent low point that may indicate a potential buying opportunity or a level of support in the price movement. Personally, I use the all time low because I am a long term investor.
I hope this helps!
Crypto Tuna