I agree regarding most options. But, when talking about eth, btc, and possibly layer2 altcoins of these coins - averaging is the basis. Because, if you are not sure about these two assets -

Earlier, I shared my strategy of averaging down — when the price drops, you buy more coins, reducing the average cost.

For those already suffering significant losses, averaging down seems like a logical choice, as the thought arises immediately:
💭 'I'm just lowering the purchase price, it's better than jumping into new trades when everything is already falling...'