This is a way to avoid being involved in the whale price game.
#VELODROME将上线币安 Take $XRP as an example.
Its price is currently fluctuating between 2.2 and 2.4. If someone buys at this price and thinks it will rise, your stop loss should be set at 1.5 or 1.
At this level, if you sell, you will definitely lose money, but there is a reason, because if you sell at 2 or 1.9, if it rises to 2.5 and then to 3, and then to 4 or 10, then if you buy again, you don’t know whether you bought at the high point of the price. Therefore, you should accept a certain loss for the investment that you think will rise when the price falls to a certain level.
If you buy at 2.2 ~ 2.5, and the price starts to rise to 2.9 and then to 3 and then to 4 and then to 6 or even 10, you don’t know whether to sell for profit or continue to wait for a higher price before selling, then it is better to sell gradually at a ratio of 10%, 20% or 30%, because in this way, even if the price falls rapidly and you cannot react in time, you still don’t need to worry about losing the principal. If the price rises further, you still have assets that can be converted into US dollars.
In general, the ups and downs of XRP at 1.9 are acceptable. If it falls further, you should start considering selling or keeping it for the future.
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