Some friends asked what to do if they are stuck. Here is a brief explanation.
1. When stuck, according to the technical analysis of market news, if the price you bought is at a high level, you must stop loss immediately.
2. If the price you bought is in the middle, you can wait and see temporarily according to the current situation, in order to get out of the trap or reduce your position at high prices to reduce losses.
3. If the price you bought is at a low level, you don’t have to rush to stop loss. You should dare to cover your position at a low level at an important support level after the price you bought falls and stabilizes, dilute the cost, and rescue the high-level locked positions together in the next fan-bounce market.
4. If the price you bought is in an upward trend, you don’t have to stop loss. If you hold it patiently for a period of time, you will inevitably get out of the trap, and there will even be a possibility of greater profits.
5. If the price you bought is in a balanced oscillation trend, you don’t have to stop loss immediately. Wait patiently for the price to enter the high level of the oscillation cycle. Once you get out of the trap or the loss is very small, you should decisively leave the market.
6 years of experience in the cryptocurrency industry. You can consult me on any questions. If you want to chat with me, please click on my avatar.
