Cryptocurrency Trading Decompression Methods!
1. Based on your current position
1. If you are a trader with a shallow loss, you can take advantage of a rebound market to exit or reduce your position at a high point.
2. If you are a trader with a deep loss, you can consider partial buying at a high to lower your average cost or buy more to lower the average price, allowing you to take psychological control before the market moves.
2. Based on the trend state of the purchased cryptocurrency
1. If the cryptocurrency you purchased is in a downtrend, once the downtrend is confirmed and the trend has formed, it is recommended to stop loss immediately; do not harbor illusions of gain and loss. Hesitation and indecision may lead to deeper losses, making it difficult to extricate yourself.
2. If the cryptocurrency you purchased is in a balanced oscillation trend, there is no need to stop loss immediately; patiently wait for the cryptocurrency to enter a high point in the oscillation cycle. Once you can exit or your loss is minimal, you should decisively leave the market.
3. If the cryptocurrency you purchased is in an uptrend, there is no need to stop loss; hold on patiently for a while, and you will inevitably recover your losses and may even see significant profits.
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