LOOM - Is this the time to be long?

Dearr my friends,
Prices have moved down very quickly. Sales volume is very strong. They sold everything. Everything always has rules. When you throw an object really hard, the rebound will also be huge.
RSI has shown exhausted selling pressure. I will place a buy order here. I believe there will be a recovery and retesting of important areas.
This opinion is based on what I see and my subjective thoughts.
Please be careful when entering orders.
Best Regards,