A drop of this magnitude driven by 'forced selling' usually signals a liquidity crunch rather than a fundamental break in the metal. It's a classic flush.
While the discount is attractive, the volatility suggests the dust hasn't settled yet.
My approach here is to scale in rather than catch the bottom. I'm deploying 25% of my intended position here at ~$5,160 and will look to add further tranches if we test psychological support lower down, or once daily volatility stabilizes.
The bull thesis remains, but risk management comes first.
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