#StopLossStrategies
When the cryptocurrency market drops, it is important to handle the situation rationally and not emotionally. Here are important steps to help you act correctly:
1. Stay calm
• Do not make hasty decisions under the influence of fear or panic.
• The market is inherently volatile, and downturns are a natural part of the cycle.
2. Review your investment plan
• Were you investing for the long term or doing day trading?
• If you are a long-term investor, the drop may be an opportunity to buy at a lower price.
• However, if you are a day trader, focus on risk management (such as stop-loss).