Cryptocurrency Trading Unwinding Methods

First: According to the position held:

1. If you are a trader with a shallow position, you can use a rebound to unwind your position or reduce your holdings at a high point.

2. If you are a trader with a deep position, you can make partial purchases at high points or add to your position to lower the average price, so that you can take the psychological initiative before the market arrives.

Second: According to the trend status of the purchased cryptocurrency

1. If the cryptocurrency you purchased is in a downward trend, once the downward trend is confirmed and established, it is recommended to stop loss immediately, and you must not have any fantasies about gains and losses.

Because sometimes any hesitation can lead to a deep trap, ultimately making it hard to extricate yourself.

2. If the cryptocurrency you purchased is in a balanced oscillating trend, there is no need to stop loss immediately; patiently wait for the cryptocurrency to enter an oscillating cycle. Once it's unwound or the loss is minimal, you should decisively exit.

3. If the cryptocurrency you purchased is in an upward trend, there is no need to stop loss; patiently hold for a while, and you will inevitably unwind, and there may even be significant profit potential.