In the crypto world, who hasn't been stuck at some point?
But the key is, how to get unstuck! Yuelin has two practical strategies to share with everyone for free.
The first strategy is to respond flexibly based on the depth of your holdings. For instance, if you are only lightly stuck, take advantage of a rebound to quickly reduce your holdings by half and lock in some profits. If you are deeply stuck, gradually buy more to lower your cost. When the market turns in your favor, you'll be unstuck quickly, provided that you invested in mainstream coins.
The second strategy is to aim for the right direction. Once a downward trend is confirmed, decisively stop loss if you’re stuck to avoid greater losses. When the market is volatile and you’re stuck, you can wait for the volatility to reach a high point before selling, allowing you to still make a small profit.
Of course, you can also hold your position. The prerequisite is that it’s a mainstream coin.
Before buying, consider whether you are doing short-term or long-term trading. If you misjudge the direction in short-term trading, you'll incur direct losses. Don't get stuck in long-term trading!
