Recent market trends are like a roller coaster, sometimes soaring and sometimes plummeting, and many people find themselves trapped without any defenses.
In such times, there's no need to panic; there are ways to break free from being trapped, and you can operate based on the actual situation. If you are troubled by this matter, I have some practical ideas to share.
Here are a few ways to break free from being trapped:
· Decisive Stop Loss: When the trend reverses and there is significant downward space, do not hesitate; decisively stop the loss, or you will only get trapped deeper.
· Skillful Averaging Down: When the price drops to a temporary bottom and shows signs of rebound, you can average down in batches to reduce costs, but be mindful of the pace and capital control; blindly averaging down can easily worsen the situation.
· Trading to Reduce Cost: Make use of short-term price fluctuations to sell high and buy low; sell when the price surges and buy back when it drops, but this requires a high level of market judgment and operational skills, so proceed with caution.
· Maintain a Stable Mindset: After being trapped, don’t rush; calmly analyze the market. If the fundamentals of the held cryptocurrency are good and have long-term potential, consider choosing long-term investment and patiently wait for the market to recover.
The cryptocurrency market is highly volatile; breaking free from being trapped requires strategy and patience, and don’t be swayed by short-term fluctuations.