Oof, getting stuck in a position like that sucks—especially with a meme or low-cap coin like $COOKIE
. Those kinds of assets can be super volatile and illiquid, so when they move against you, they really move.
Here’s what you might consider:$COOKIE
1. Check liquidity and volume – Is there actually enough volume to exit without too much slippage?
2. Set hard limits – If it’s close to liquidation, sometimes it’s better to cut the loss early rather than let the platform take it all.
3. Evaluate the rest of your portfolio – Is there anything you can shift to cover or hedge?
4. Review your leverage – Over-leverage is where most traders get wrecked, especially on coins like $COOKIE