Share of Deleveraging Techniques
1. When trapped, based on chart analysis, if the purchased cryptocurrency is at a high level, you must immediately cut losses.
2. If the purchase price is at a mid-level, you can temporarily wait based on the current situation, aiming to exit the position or reduce holdings at a high price to minimize losses.
3. If the purchase price is at a low level, there is no need to rush to cut losses. You should wait for the price to stabilize after dropping below the purchase price, and then dare to add to your position at important support levels to lower costs, rescuing the trapped positions during the upcoming rebound.
4. If the purchase price is in an upward trend, there is no need to cut losses; patiently hold for a while, and you will inevitably be able to exit the position, even having the potential for significant profits.
5. If the purchase price is in a balanced oscillating trend, there is also no need to cut losses immediately; patiently wait for the price to enter a high point in the oscillation cycle. Once you can exit the position or if the loss is minimal, you should decisively leave the market.
6. If the purchase price is in a downward trend, once it is confirmed that a downward trend has formed, you should immediately cut losses and never hold onto false hopes. Any hesitation or doubt may lead to deep entrapment that is difficult to escape from.
