4 tips to help you get out of a trap!
During the trading process, you will inevitably encounter a situation where you are trapped. How to get out of a trap? In fact, the logic of getting out of a trap is quite direct. The core lies in examining the position status, grasping the market trend and predicting the future market trend.
1. If the digital currency you hold continues to fall and there is no sign of reversal, the wisest choice at this time is to stop loss in time and withdraw from the market. After all, if you retain your strength, there will always be a day to turn around in the future. Don't let the loss expand further.
2. If the market is in a volatile state and the currency price fluctuates, you can take advantage of the opportunity of price rebound, reduce your position at a high level in time, and then make up for it when the price falls back, so as to reduce the overall position cost.
3. When the overall market trend is still upward and a short-term correction occurs, this is a good opportunity to increase your position. You can reduce the cost by increasing your position and sell it after the price rises.
4. For situations where the market is deeply locked in and may continue to fall in the future, you can consider taking a short-selling strategy in the contract market to gain profits and hedge the losses of the original positions.
The key is to stay calm, not let emotions dominate decision-making, and reasonably set profit and stop-loss points, neither greedy nor hesitant. In the currency circle, sometimes it is a kind of wisdom to wait and see and avoid blind operations.
