What to do if your contract long position is stuck? This is the psychology of all of you, without exception!

Here are a few common methods to get out: Be decisive!

Cut through the chaos: If the currency you hold keeps falling and you can't see any signs of a reversal, don't hesitate, quickly cut your losses and leave, or even consider shorting. Never stubbornly hold on, or you'll only get deeper into trouble.

Sell high and buy low: If the market is fluctuating, with the price going up and down, you can take advantage of the rebound, selling a little at high points and buying back at low points to lower your costs.

Lower your costs: When the price has dropped to a near bottom, you can add to your position to lower the average cost, and when it rebounds, quickly cash out.

Short hedging: If you've already been stuck deep in a position and although it is still falling, you believe there will be a chance to recover later, then go short, and make sure your short position is larger than your long position to earn back some losses.

When trading contracts, make sure to set your take profit and stop loss well, don't be too greedy, and don't drag your feet.

If you like contracts, enjoy researching market trends and technical analysis, click on the avatar. Years of experience and tips in the crypto world will be shared freely. I am waiting for you in the circle, always online, welcome to discuss and improve together.