Getting trapped in crypto investments is very common, but not scary! The key is not to panic; responding rationally is the best approach. How exactly to operate depends on the price you are trapped at, combined with your risk tolerance and the current market situation.
- Trapped at a high level: Wait for a rebound to a suitable point to exit, or reduce positions during the rebound to lower costs; if suddenly there is a major negative news, don’t hesitate—exit quickly!
- Trapped at a mid-level: Don’t rush to cut losses; first observe the trend. If the trend hasn’t collapsed, wait for an opportunity to reduce positions. At low levels, you can also add a little to spread out costs, but never impulsively add more when emotional.
- Trapped at a low level: Stay calm and wait for stabilization. If the decline is too severe, reduce some positions to ease pressure; once the trend has completely changed, decisively exit without hesitation!
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Getting trapped in crypto investments is very common, but not scary! The key is not to panic; responding rationally is the best approach. How exactly to operate depends on the price you are trapped at, combined with your risk tolerance and the current market situation.
- Trapped at a high level: Wait for a rebound to a suitable point to exit, or reduce positions during the rebound to lower costs; if suddenly there is a major negative news, don’t hesitate—exit quickly!
- Trapped at a mid-level: Don’t rush to cut losses; first observe the trend. If the trend hasn’t collapsed, wait for an opportunity to reduce positions. At low levels, you can also add a little to spread out costs, but never impulsively add more when emotional.
- Trapped at a low level: Stay calm and wait for stabilization. If the decline is too severe, reduce some positions to ease pressure; once the trend has completely changed, decisively exit without hesitation!