Methods to Break Free:
First: Based on your current holdings:
1. If you are a holder with a slight loss, you can use the rebound market to break free and exit, or reduce your position when the price is high.
2. If you are a holder with a significant loss, you can partially build your position at a high price or add to your position to lower your average cost, so you can take psychological control before the market arrives.
Second: Based on the trend status of the coins purchased
1. If the purchased coin is in a downward trend, once the downward trend is confirmed and has formed, it is recommended to immediately cut losses, and you must not have any fantasies of hoping for gains. Because sometimes any hesitation or uncertainty may lead to deep losses, making it difficult to extricate yourself in the end.
2. If the purchased coin is in a balanced oscillation trend, there is no need to immediately cut losses; patiently wait for the coin to enter the high point of the oscillation cycle. Once you break free or the loss is very small, you should decisively exit.
3. If the purchased coin is in an upward trend, there is no need to cut losses; patiently hold for a while, and it will inevitably break free or even have a significant profit potential.
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