See what type of coin you have in hand?
1. If you are stuck in a certain coin, do not casually add to your position. You should observe its trend. If the trend is downward, you should exit first, or at least reduce your position significantly. If you keep adding to your position while the price keeps falling, it will lead to a heavy loss, which is a major taboo in trading cryptocurrencies! You might end up losing a lot, making it very difficult to recover your costs.
2. If you have a coin in your watchlist that consistently performs well, falling less than other coins when the market drops and rising more than others when the market surges, congratulations, you have found a strong coin. What you need to do is embrace this strong coin. If you have funds, focus on buying this coin, the more the better. If you don't have funds, sell off the weak coins and invest in this strong coin instead. You will soon see your profits increasing.
3. If you notice that the coin you bought keeps hitting lower lows, meaning its pattern is deteriorating, and while Bitcoin rises, your coin remains stagnant or declines, you should be highly alert. It is very likely that the market maker has abandoned the coin. At this point, you should decisively switch to another coin and not hold onto it just because of losses.
If you like contracts, enjoy studying the market, and researching technicals, click on my profile. I have years of experience in the crypto space and share my knowledge freely. I’m here in the community waiting for you, always online, welcome to discuss and improve together.