Don't be trapped again! These strategies can help you easily escape the "quagmire" of cryptocurrency
In the current market, you really need to use your brain and be patient to get out of the trap. I have a few tricks here that may help you find a way out in this fluctuating market.
Take a look at your investment portfolio again
You have to take a good look at the cryptocurrencies in your hands, see how the projects behind them are developing, whether the market recognizes them, and whether the team is still working hard. If you find that some goods are not right, you have to act quickly and don't let them hold you back.
Stop loss in batches and look for opportunities to cover positions
As soon as the market falls, some veterans start selling in batches, so that they can lose less. When the price is right, buy it back in batches, so that the overall cost is low. However, this requires looking at the market and knowing when to rebound.
Follow the market trend and don't miss the hot spots
There are always new things coming out in the market, such as Web3, DeFi, NFT, etc., which may be opportunities. You can consider putting some funds in, but don't forget the risks, don't rush all at once.
Patience is the key to long-term holding
If the cryptocurrency project you are optimistic about has a solid foundation and potential, then be patient and hold it. Market fluctuations are common, but in the long run, good projects will always rise back, even exceeding previous highs.
Learn some new skills and improve investment capabilities
You have to learn how to analyze the market, such as technical analysis and contract trading. Read more books and talk to more people, and your investment level will go up.
Risk management must be done well and adjusted flexibly
When unwinding, risk management is very important. You have to set a stop loss point and a profit point, and execute them when they arrive, don't hesitate. In this way, when the market rebounds, you can make money and won't lose too much.
When the market fluctuates greatly, you have to be calm. Unwinding is not something that can be done all at once, it takes time and you have to understand the market. I hope these few tricks can help you
Are you stuck? When is the right time to buy at the bottom? Again, confused and helpless, don't know what to do, click the avatar and follow me. I need fans, you need references, it's better to follow than to guess.
