Managing your position well is very important, my friends. Unless in extreme cases, don't go all in; leave some USDT for averaging down. After all, the overall spot market has entered a correction and consolidation phase, and we are now at a decision-making point. In the past, when prices rose, you didn't dare to chase; now that they have fallen and corrected, what about those who bought at high prices? Don't you need to average down to lower your cost?
In the secondary market, we must understand one principle: you can hardly buy at the lowest point and sell at the highest point, unless you are a whale. Even many project whales do not know where the high point is. With market fluctuations and capital inflow and outflow, many things have become uncertain!
Here are the suggestions from Brother Niu:
First, you must control your position well. Personally, I am currently at about 65% to 70% of my position.
Secondly, for friends with lighter positions, you may consider averaging in some spot within the range of 3780 to 3735 according to a certain ratio. For those with heavier positions who did not exit at high prices, you can continue to hold, or take advantage of the correction to exchange your assets for some strong coins.
Furthermore, absolutely do not engage in contract trading. Investors who are stuck in long positions can only hope for luck. Also, try not to add margin; just stick to the original trading strategy when you opened the position, as in such a complex and volatile market, it is easy to encounter significant price spikes.
Finally, during a bull market, wash trading is very common, so maintain a good mindset. You are not the only one facing a drawdown; in fact, everyone is experiencing it, and many are suffering even greater losses than you.
When averaging down, still focus on artificial intelligence, Meme sectors, and traditional mainstream coins as the main choices.
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