The following are some of my personal ideas for unwinding, I hope they can help you:
First: According to the position you hold:
1. If you are a shallowly trapped coin friend, you can use the rebound market to unwind, or reduce your position when the price is high.
2. If you are a deeply trapped coin friend, you can make a partial position opening operation at a high price or cover your position to lower the average price, so that you can take the psychological initiative before the market comes.
Second: According to the trend of the purchased coin
1. If the purchased coin is in a downward trend, once the downward trend is confirmed and the trend has been formed, it is recommended to stop loss immediately, and you must not have illusions about gains and losses. Because sometimes any hesitation and hesitation may lead to deep traps in the future, which will eventually make it difficult to extricate yourself.
2. If the purchased coin is in a balanced oscillation trend, you don’t have to stop loss immediately. Wait patiently for the coin to enter the high position of the oscillation cycle. Once the coin is unwinded or the loss is small, you should decisively leave the market.
3. If the currency you bought is in an upward trend, you don’t need to stop loss. Hold it patiently for a period of time, and you will definitely get out of the trap and even have a greater chance of making a profit.
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