Suggestions that traders must adhere to
If you are losing in the trade and unsure whether the currency will rise or not, follow these steps to decide logically:
✅ 1. *Review the reason*
- Why did you enter the trade? (Analysis? Rumor? Hype?)
- Is the reason still valid?
✅ 2. *Analyze the current situation*
- Open the chart (15-minute or hourly timeframe).
- If the price is below your entry point and clearly in a downtrend, wait.
- Monitor: RSI, MACD, and trading volume.
✅ 3. *Determine your position now*
*A. The price has not dropped much (e.g., -5%):*
- You may wait for reversal signals (strong candle + volume + RSI improving).
*B. The price has dropped significantly (-15% or more):*
- Either exit and reduce your loss.
- Or hold on with the condition of having a technical hope for a rebound.
✅ 4. *Do not add to the trade (averaging down)* unless:
- You have a clear analysis.
- The indicators suggest a real reversal.
- Your capacity to bear the loss is substantial.
📌 Advice:
*Exiting with a small loss is better than being stuck in a dead trade.*
Always set a *stop loss* before entering.