Sharing Techniques for Unwinding Positions on $BTC

1. When trapped, based on chart analysis, if the cryptocurrency bought is at a high position, you must immediately cut losses.

  2. If the buying price is at a mid position, you can temporarily observe the situation in order to seek an exit or reduce positions at a high to minimize losses.

  3. If the buying price is at a low position, there’s no need to rush to cut losses. You should wait for the price to stabilize after falling below your buying price, and once it reaches significant support levels, dare to add to your position at low levels to average down costs, and rescue the high positions during the subsequent rebound.

  4. If the buying price is in an upward trend, there’s no need to cut losses; patiently hold for a while, and you will definitely unwind your position, even with a good chance of significant profits.

  5. If the buying price is in a balanced oscillation trend, there’s also no need to immediately cut losses. Patiently wait for the price to enter the high level of the oscillation cycle; once you unwind or when the losses are small, you should decisively exit.

  6. If the buying price is in a downward trend, once it is confirmed that a downward trend has formed, you should immediately cut losses. You must not harbor fantasies or indecision. Any hesitation can lead to deep entrapment that is difficult to escape.

  Since I do not know the specific points and position details of your trapped orders, it is difficult to provide corresponding strategies for unwinding. Those who need to unwind can contact me for free guidance!