1. Techniques for Releasing from Losses
1. When trapped, based on chart analysis, if the purchased cryptocurrency is at a high position, you must immediately stop losses.
2. If the purchase price is at a median position, you can temporarily wait based on the current situation, aiming for a release from the loss or reducing positions at a high to minimize losses.
3. If the purchase price is at a low position, there is no need to rush to stop losses. You should wait until the price stabilizes after dropping below the purchase price, and dare to buy more at important support levels to lower costs, rescuing the high positions in the upcoming rebound market.
4. If the purchase price is in an upward trend, there is no need to stop losses. Be patient and hold for a period; you will inevitably be released from losses, and there is even a significant possibility of making a profit.
5. If the purchase price is in a balanced oscillation trend, there is also no need to immediately stop losses. Patiently wait for the price to enter a high point in the oscillation cycle, and once you are released from losses or when the losses are minimal, decisively exit the market.
6. If the purchase price is in a downward trend, once it is confirmed that the downward trend has formed, you should immediately stop losses, and definitely do not harbor any illusions. Any hesitation or doubt may lead to deep losses that are difficult to recover from.
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