How to Unwind from Being Trapped?
1. Active Unwinding
1. If you bought the wrong coin, especially after chasing the price up, you need to be decisive and cut your losses early to protect your wallet. There are many opportunities in the market, and as long as your money is still there, it will be easier to turn things around.
2. If the coins you hold are not performing and continue to drop, look for other coins that are likely to rise, and quickly switch to those, using the new gains to cover old losses.
3. If you are deeply trapped and believe prices will continue to drop, sell a portion and wait to buy back at a lower price, thus reducing your cost.
2. Passive Unwinding
1. If you bought at a low price and believe the market will improve, consider adding funds in several batches, but don’t overdo it; timing is crucial.
2. If you are fully trapped and have no funds to add or are reluctant to cut losses, then just wait. As long as the money is yours and not borrowed, be patient; you never know when you might be able to unwind.
Remember, being trapped is not the end of the world; don't act impulsively. Stay calm; opportunities will always arise.
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