When $FF was launched on Binance spot trading, I bought 1394$FF at 0.577 USDT. Shortly after the purchase, its price dropped sharply. I have been holding it since then in the hope that it would return to my entry price. However, the price has continued to decline day by day, and today it has been almost three months without any meaningful recovery or upward movement.
I would like to request advice from experienced traders and experts on whether I should continue to hold this position, or accept the current loss, sell the asset, and reinvest in another coin.
Your professional opinions and guidance would be highly appreciated.
I would like to request advice from experienced traders and experts on whether I should continue to hold this position, or accept the current loss, sell the asset, and reinvest in another coin.
Your professional opinions and guidance would be highly appreciated.