#StopLossStrategies When the cryptocurrency market drops, it's 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 declines are a natural part of the cycle.
2. Review your investment plan
• Were you investing for the long term or day trading?
• If you are a long-term investor, the drop could be an opportunity to buy at a lower price.
• If you are a day trader, focus on risk management (like stop-loss orders).