Trading Steem for SBD when Steem price is down?

I would like to know how it is that SBD are effected when the price of Steem is down?

I ended up purchasing 250 Steem since the price is down! yay!

Now would it be a good idea to trade my newly bought Steem for SBD at around $1.06 and then wait for the price of Steem to go back up. At which point I would sell my SBD at the higher Steemprice?

If anyone has knowledge of the internal market I would really appreciate your input! 😊

Thank you so much in Advance !