Avoiding the falling knife while waiting for long

Falling knives can be tempting to try to catch.
But not knives in intermediate declines are dangerous as the trend is negative until it bottoms and it makes timing difficult.
Wait for the bottom and go heavy long when all sellers have done selling :)
Stay on the sidelines for now if you are not already in short position.

Check out my idea of intermediate top. The arrow indicates the first level of resistance where it has nicely landed so far.