This sudden plunge, like a "heart stop" in the market, caught many off guard. If you also find yourself trapped, the first step is to stay calm and do not panic.
A few ideas to stabilize your mindset:
🔸Decisively cut losses without delay: Once the trend is confirmed to be broken and there is still room for decline, timely stop-loss is to protect the principal and prevent losses from expanding.
🔸Add to positions in stages based on signals: If the price has retraced to a low point and shows signs of stabilization, you can add to positions gradually to lower the average cost. But avoid investing all at once, always keep some reserve.
🔸Reduce costs through swing trading: Capture volatility in oscillating markets, reduce positions during rebounds, and re-enter during pullbacks. This requires some market sense and disciplined execution; choose according to your own situation.
🔸Maintain a calm mindset and look to the future: Panic after being trapped is a big taboo. If the fundamentals of your assets are good, consider looking further ahead and give the market some time to recover.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
This sudden plunge, like a "heart stop" in the market, caught many off guard. If you also find yourself trapped, the first step is to stay calm and do not panic.
A few ideas to stabilize your mindset:
🔸Decisively cut losses without delay: Once the trend is confirmed to be broken and there is still room for decline, timely stop-loss is to protect the principal and prevent losses from expanding.
🔸Add to positions in stages based on signals: If the price has retraced to a low point and shows signs of stabilization, you can add to positions gradually to lower the average cost. But avoid investing all at once, always keep some reserve.
🔸Reduce costs through swing trading: Capture volatility in oscillating markets, reduce positions during rebounds, and re-enter during pullbacks. This requires some market sense and disciplined execution; choose according to your own situation.
🔸Maintain a calm mindset and look to the future: Panic after being trapped is a big taboo. If the fundamentals of your assets are good, consider looking further ahead and give the market some time to recover.
Market fluctuations are normal; maintaining strategic discipline and patience will help you navigate more steadily through volatility.
$BTC $ETH $XRP #ETH走势分析 #BTC行情分析 #美司法部抛售比特币 #美联储降息 #加密市场观察