Coin circle unwinding strategy:
First, based on your position status:
1. If your position is slightly locked, you can use the market rebound opportunity to get out of trouble, or reduce your position when the price is high.
2. If your position is deeply locked, you can consider partially adding or covering your position when the price is high to reduce the average cost, so that when the market turns good, you will have a psychological advantage.
Second, according to the market trend of the cryptocurrency you purchased:
1. If the currency you purchased is in a downward trend, once the downward trend is confirmed, you should stop loss immediately without any hesitation or fantasy. Because any hesitation may cause you to get further into trouble and eventually find it difficult to extricate yourself.
2. If the currency you purchased is in a sideways trend, you don’t have to stop loss immediately, but should wait patiently for the currency price to reach the high point of the oscillation range. Once there is an opportunity to unwind or the loss is small, you should leave the market decisively.
3. If the currency you purchased is in an upward trend, you don’t need to stop loss, just hold it patiently for a while, and you may be able to unwind or even make a large profit.