Share of Dealing with Losses

1. When trapped, based on chart analysis, if the purchased cryptocurrency is at a high position, immediate stop-loss must be executed.

  2. If the purchase price is at a medium position, one can temporarily observe based on the situation, aiming to exit when recovered or reduce positions at a high point to lower losses.

  3. If the purchase price is at a low position, there is no need to rush to stop-loss; after the price stabilizes below the purchased price, one should be bold in adding positions at significant support levels to average down costs, and rescue the positions trapped at high prices in the upcoming rebound market.

  4. If the purchase price is in an upward trend, there is no need to stop-loss; patiently holding for a period will inevitably lead to recovery, and there is even a possibility of substantial profits.

  5. If the purchase price is in a balanced oscillation trend, there is also no need to stop-loss immediately; patiently wait for the price to enter the high point of the oscillation cycle, and once recovered or losses are minimal, decisively exit.

  6. If the purchase price is in a downward trend, once it is confirmed that a downward trend has formed, one should immediately stop-loss, and never harbor unrealistic hopes. Any hesitation and doubt may lead to deep entrapment that is hard to escape.

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