Recently, the market has been quite volatile, with back-and-forth movements between bulls and bears, creating significant space. It’s the last thing we want to see when investors are stuck in positions. Here, Old Chen has organized some methods for getting out of positions. If you find yourself in an unfortunate situation, you can follow Old Chen's approach to resolve it.

First: Based on your holding situation

1. If you are a trader with a shallow loss, you can use the rebound to exit or reduce your position at a high point.

2. If you are a trader with a deep loss, you can consider partial buying at high points or averaging down to lower your average cost. This way, you can gain psychological control before the market moves.

Second: Based on the trend of the purchased coin

1. If the coin you bought is in a downtrend, once the downtrend is confirmed and the trend is established, it is advisable to stop loss immediately and not have any unrealistic expectations. Because sometimes, any hesitation may lead to deeper losses, making it hard to extricate yourself in the end.

2. If the coin you bought is in a balanced oscillation trend, there is no need to stop loss immediately; patiently wait for the coin to enter a high point in the oscillation cycle. Once you are out of the loss or the loss is minimal, you should decisively exit.

3. If the coin you bought is in an uptrend, there is no need to stop loss; hold it patiently for a period of time, and you will inevitably recover your position and may even have significant profit potential.