Feeling uneasy about the 'buy the dip' narrative on some altcoins

Morning everyone. Just looking at the charts today and can't shake this feeling that a lot of the 'buy the dip' talk around certain altcoins is just coping, especially for those who got in higher up. I see people still calling for bounces on things like $CRV, even with it hanging around 0.2411, barely off its daily lows of 0.2365. The volume just isn't there to support any real conviction, in my opinion. It's like everyone's just waiting for a magical recovery rather than acknowledging fundamental shifts or sustained selling pressure.

Compare that to something like $CADCHF which has seen some decent movement, currently at 0.58477, holding up well within its daily range of 0.58326–0.5861. That's a clean chart. Meanwhile, with $EM sitting at a stagnant 1.195, trading literally flat all day, it just highlights how much speculative capital is still parked in these less liquid crypto assets, often based on hope rather than technical or even macro drivers. I'm just not seeing the actionable setup in these dips; feels more like catching a falling knife to me. What am I missing? Am I being too cynical here?