In the cryptocurrency world, who hasn't been trapped?
But the key is, how to untangle! Yuelin has two practical strategies here to share for free.
The first strategy is to respond flexibly according to the depth of your position. For example, if you are only slightly trapped, take advantage of the rebound to quickly reduce your holdings by half to lock in some profits. If you are deeply trapped, gradually add to your position to lower your cost. When the market turns, you will quickly be untangled, provided you are buying mainstream coins.
The second strategy is to watch the directional trend. Once a downtrend is confirmed, decisively cut losses to avoid greater losses. When the market is in a consolidation phase, if you are trapped, you can wait for the consolidation to peak, and then sell to earn a small profit.
Of course, you can also hold on. The premise is mainstream coins.
Before buying, think clearly about whether you are doing short-term or long-term. If you misjudge the direction in short-term trading, you will incur losses. Don't be trapped into long-term positions!
