When a price falls sharply, it's compared to a knife falling. And the advice is not to try to catch the knife falling, because you'll get hurt.
Right now, I don't care much about technical analysis or market sentiment or the above advice. I have my own thresholds and they have nothing to do with TE.
STEEM fell bellow 20 cents, I bought some (around 18 cents at the time). Down below 15 cents I've bought some more today, at around 12.6 cents. 10 cents in sight?
I don't have deep pockets, so the 1,373 STEEM I purchased and powered up is significant enough for me.
I don't expect anyone to follow what I do. It's my risk and my long term view of the Steem project. You might have a different approach or other constraints.
After powering up I was also able to increase my delegation to my main account (you might remember I have a SP collector account) a little bit over the psychological limit of 5,000 SP.
It's not all psychological though, being a dolphin. The cool benefit of this new power added to my main account is that I was finally able to claim a free account using my RCs. Well, I have less than 3% RCs left after doing that, but I did it! And always wanted to be able to do it, lol!
I hope you guys will navigate well in the sea of red and see you all unharmed on the other side! Be on the lookout for any sharks, they eat fish of all sizes! Although I've just read sharks tend to be afraid of pods of dolphins, and orcas even eat them... Ha, we seem to be safer in our ecosystem. :)