#ProjectCrypto You bought a coin and the market rebounded.
Example 1
📉 Trade Information:
Currency: Solana (SOL)
Buy Price: $192
Current Price: Less than $170
Current Loss: Approximately -11%
✅ Is this drop serious?
No. This is a normal decline in the cryptocurrency market, especially for a coin like Solana, known for its volatility.
🔎 Quick Analysis of the Situation:
Situation Factor: The project is strong and ranked among the top 10. The decline is relatively minor. The probability of recovery is high if the market rebounds.
📌 What to do now?
✅ Your best option now:
Hold (HODL)
The market is not showing a complete collapse, and Solana remains a strong coin.
There is no need to sell at a loss due to normal volatility.
Wait for a market correction or a resurgence.
💡 If you have extra liquidity:
Consider DCA
Buying a small amount now at a low price reduces the average purchase.
Example: If you buy a small amount at 165, the total average purchase drops below 190.
⚠️ Don't do the following now:
Don't sell out of fear.
Don't enter with more money unless you are confident and prepared for the risks.
📈 Conclusion:
Solana is a strong currency, and the current decline is no cause for panic. The best thing to do now is to hold and wait for the market to recover, especially if you are a medium- or long-term investor.