Just follow the instructions of KOL @独领风骚必暴富 . After a sharp market decline, focus on risk management, avoid recklessly averaging down, and reduce large positions as early as possible. Wait for clear signs of recovery before re-entering to preserve capital. Rigorous position adjustment is key to survival and seizing future opportunities.

How to cope after a sharp decline: A brief description!
A few minutes of brief trading suspension became the fuse, BTC fell to the 109500-111950 range testing the demand at 110450!
ETH broke below 4492 and is currently testing 4350, even probing down to the demand at 4300!
It's really unfortunate that misfortunes come in pairs!
For those with long positions trapped, remember!
Keep in mind two conditions for reducing positions:
1. Reduce positions when breaking critical support levels, not averaging down.
2. Reduce positions and exit when the average down area gives back some space.
Don’t rush to average down when trapped; first check how much you are holding? What is your liquidation price?
The first reaction should be to reduce positions if they are too large, rather than averaging down!
If you want to keep the averaged down position, wait until right-side signals appear before deciding!
In a left-side decline, only take light positions; do not keep averaging down endlessly, and consider establishing short positions if there's a rebound.
After taking profits, setting a stop-loss to form a hedge is also an option!
Controlling positions well is crucial to withstand risks; risks and opportunities coexist. Without positions, a wave of the market could take you out, and you would bear all the risks without seizing the opportunities!
$BTC

$ETH

$SOL

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