The $WLD /USDT pair saw a sharp downturn recently, leaving many investors who bought in expecting gains in a state of shock. As of the latest data, the price has dropped by 9.55%, currently sitting around $1.97. With this kind of volatility, the big question for holders is: should you sell now to cut losses, or is there a reason to hold in hopes of a recovery?
What Are the Options?
1. Selling at a Loss: If you believe that the downtrend will continue and see no immediate recovery potential, selling might be a way to cut losses and re-enter at a lower price. This is often a strategy for those who prioritize capital preservation over long-term holding.
2. Holding for a Rebound: Holding through the dip might be viable if you believe in the long-term fundamentals of WLD. The market may eventually see a bullish trend, but patience and risk tolerance are crucial here.
With the current bearish momentum, there's no clear indication of an immediate bullish reversal. However, for those with a higher risk tolerance, holding could offer rewards if the market sentiment shifts. If you’re risk-averse, consider setting a stop-loss or re-evaluating your entry point in case of further dips.
What do you think, should we hold or sell at a loss?