It's not hard to get out of a loss in the crypto world! 3 tips to jump out of the 'trapped' cycle

Don't panic if you're trapped, remember these points to avoid unnecessary detours:

1. First, assess the 'degree of being trapped'

- Slightly trapped (10%-20% drop): Don't hold on stubbornly! Look at the 4-hour candlestick chart; if the support level can't hold, decisively cut losses and switch to stronger coins to make up for the loss.

- Deeply trapped (over 30% drop): Don't randomly add positions! Wait for a rebound to the recent resistance level, and reduce your position by half to lower your cost.

2. Key levels are your 'lifeline'

Open the Binance candlestick chart and find the coin you hold:

- If the support level holds: Add to your position with a small amount to lower the average price.

- If the resistance level can't be breached: Take the opportunity to sell a portion during a rebound; don't wait for another drop.

3. The most dreaded is 'emotional trading'

Don't stare at the market until dawn every day; set a stop-loss line (for example, a 15% drop) and execute it when the time comes. There are many opportunities in the crypto world; preserving your principal is the only way to have a chance to recover your losses!

Which coin are you trapped in? Follow the homepage for answers to three questions: #BTC #ETH #bnb #xrp #LTC