Recently, the cryptocurrency market has been highly volatile, and a slight misjudgment can lead to trapped positions. Therefore, Lao Xu has summarized the following practical strategies to help you cope with the dilemma:

1. Flexibly handle positions according to depth

• Shallow trapped positions: If the trapped position is relatively light, closely monitor the market and decisively exit when it rebounds; you can also appropriately reduce positions during the price surge to timely lower risks.

• Deeply trapped positions: When facing deeply trapped positions, it is advisable to reduce positions and recover funds at high price rebounds; or to average down by adding positions at low levels to gain initiative for future market reversals.

2. Precisely respond by combining coin trends

• Downward trend: When a coin clearly enters a downward channel, decisively cut losses and avoid being overly optimistic. Once a trend is established, hesitation and waiting will only exacerbate losses.

• Fluctuating trend: If in a range-bound fluctuating market, there is no need to panic and cut losses. Patience is required to wait for the price to rise to the upper edge of the fluctuation range. Once the position is freed or losses are manageable, immediately close the position to lock in losses.

• Upward trend: If the held coin is in an upward trend, you can hold firmly. As long as the trend is intact, patiently waiting can not only free up trapped positions but also provide opportunities for profit.

It should be particularly noted that the cryptocurrency market is influenced by multiple factors such as policies and technology, and the risks are extremely high. The above strategies are for reference only; investment decisions must be made cautiously, and seek professional guidance if necessary.