About breakeven methods:

First: Based on the current position situation in hand:
1. If it is a lightly trapped friend's position, you can use the rebound market to breakeven and exit, or reduce your position when the price rises.
2. If you are a friend who is deeply trapped in a position, you can make a partial buy operation at highs or add more to lower the average price, so that you can take psychological initiative before the market arrives.
Second: Based on the trend status of the purchased currency
1. If the purchased asset is in a downtrend, once the downtrend is confirmed and the trend has formed, it is recommended to immediately stop losses, and one must not harbor any illusions of gain or loss. Because sometimes any hesitation or doubt may lead to a deep trap later on, ultimately making it difficult to extricate oneself.
2. If the purchased coin is in a breakeven oscillation trend, there is no need to stop loss immediately. Patiently wait for the coin to enter the oscillation cycle's high point. Once it breaks even or the loss is minimal, one should decisively exit the position.
3. If the purchased coin is in an upward trend, there is no need to set a stop loss; patiently holding it for a while will inevitably lead to breakeven and may even have a significant profit potential.