It's understandable to feel anxious when you're unsure about a trade's outcome. Let's break down how to approach this situation.

First, identify your Entry, Stop Loss (SL), and Take Profit (TP) levels. These are crucial for making informed decisions.

Consider the current market sentiment and any news affecting the asset you're trading. This can provide valuable context.

Review your initial trading plan. Did the market conditions change drastically, or is this a normal fluctuation?

If your SL has been hit or is very close, closing the trade to prevent liquidation is often the wisest choice. Protecting your capital is paramount.

If you're still within your acceptable risk parameters and the trade shows potential for recovery, holding might be an option. However, only do so with a clear plan.

You can also consider reducing your position size to lower your risk exposure while still participating in the potential upside.

Always remember that no trade is guaranteed. The goal is to manage risk effectively.