It is an interesting strategy and and while I'm surprised he didn't get liquidated now that things are cranking up they are buying more pulling their average up and I can see how that could burn them but also it sort of becomes a self fulfilling prophecy.
I'm wondering if I should do a similar strategy with BNB right now. Just keep buying up more even though it would pull my average up.
When times are good there is more breathing room to buy but then the prices are elevated at that point as well.