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The trend of this TIA project indeed raises concerns. From a high of $20 down to $4, the decline has exceeded 80%. Looking at historical data shows that in September, it was still around $1.6, then it dropped another 75%. During such a sharp decline, many people are thinking about bottom fishing, but the question is: who can be sure where the bottom is?
What does sustained downward pressure mean? If you are to enter a long position now, are you really confident? The price has fallen from 1.6 to the current level, which is already heartbreaking, and there’s a possibility it could further bottom out at 0.2 or even 0.1. Without clear support levels or rebound signals, blindly increasing your position is a decision driven by gambler mentality.
The lessons from projects like this are worth deep reflection: the myth of high valuation can easily be shattered, and restoring confidence often takes a long time. Before confirming the bottom, cautious observation is much more rational than rushing to enter.