If the currency you just bought unfortunately encounters a decline and is trapped in it, don't be discouraged. Browsing this post of mine may be a turning point for you.
Strategy 1: Waiting for the flowers to bloom
This is a strategy of sitting on the Diaoyutai. In simple terms, it is to stay calm and not rush to sell, but choose to hold the currency and wait for it to rise. This requires you to have sufficient funds on hand to withstand market fluctuations, and at the same time firmly believe that the market will eventually pick up, and the value of your currency will also rise.
Strategy 2: Sell high and buy low
This trick has some technical content and is a model of proactive attack. You can decisively stop loss at the current price, sell part or all of your positions, and then patiently wait for the currency price to rebound to a more reasonable range, and then wait for an opportunity to buy. This requires you to have a keen insight into market trends and accurate timing to avoid danger and even make a small profit.
Strategy 3: Cut off arm survival method
For friends who prefer short-term operations, this trick of "quick stop loss" is particularly critical. Once you find that the market trend is obviously downward, don't hesitate, take action immediately, and quickly clear the position to avoid further losses. Remember, in the ever-changing cryptocurrency market, decisive decisions can often help you keep more of your capital.
The above three strategies have their own advantages. Which one you choose depends on your actual situation and risk tolerance. For more professional insights and practical skills, please click on my avatar for in-depth communication!
