Don't panic if you're stuck in the crypto market; eight strategies for getting out will help you turn things around!
If you're stuck in short-term trading, don't hesitate, quickly close all positions to cut losses, and don't let yourself get deeper in trouble.
First, set a stop-loss point for yourself; once it hits, decisively close your positions, and then take advantage of low prices to average down and balance out your losses.
If the market hasn't worsened and there's no bearish trend, try to gradually average down as it dips, reducing costs while waiting for a rebound opportunity.
Make sure to set a stop-loss point; once you reach your maximum loss, close your positions immediately. Don't take risks; preserving your principal is key.
If you're stuck in a range and your long positions at high levels are under pressure, wait for support to hold and quickly exit when there’s a rebound.
If you're trapped, be patient in locking your positions; wait for signals of a bottom or a rebound in the long-term K-line before unlocking and adding positions at lower prices. Don't rush.
Don't be afraid if you're stuck; adding positions at lower prices is a good strategy. Add once every 15% drop, using the pyramid method to lower your average price. You can earn back when the market rebounds.
The most important thing is to keep an eye on the big trend and add positions in the direction of the trend. This way, you can lower your average price, and when the market rebounds, you'll be able to break free.
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