Easy-to-understand methods for unwinding trades in the crypto world!

1: Based on the position held

1. If you are a casual trader with a shallow loss, you can use a rebound to exit or reduce your position at a high point.

2. If you are a deep-loss trader, you can make partial purchases at high points or average down by adding to your position, thus gaining psychological leverage before the market moves.

2: Based on the trend status of the purchased coin

1. If the purchased coin is in a downtrend, once the downward trend is confirmed, and the trend has formed, it is recommended to cut losses immediately, and do not allow yourself to have unrealistic expectations. Hesitation and indecision may lead to deeper losses, making it difficult to recover.

2. If the purchased coin is in a balanced oscillation trend, there is no need to cut losses immediately; instead, patiently wait for the coin to enter a high point in the oscillation cycle. Once you can break even or your loss is minimal, you should decisively exit the market.

3. If the purchased coin is in an uptrend, there is no need to cut losses; patiently hold for a while, and it will inevitably recover, even providing a significant profit potential.$BTC #币安Alpha上新