The Cryptocurrency price fluctuates drastically, how to solve it？
Recently, the price of the currency circle has indeed fluctuated too fast, and big ups and downs have occurred from time to time. I have also received many private messages from currency friends.
After being locked up, all our operations are passive. We should lighten or liquidate positions in a timely manner. Contract transactions are margin transactions and will be forcibly liquidated.
Regardless of the result, we will go through a difficult mental journey. After being covered, I really realized how important it is to enter the game. Technically, I will share with you some executable operations:
When locked up, according to the chart analysis, if the price of the currency you bought is at a high level, you must stop the loss immediately.
If the price of the currency you bought is in the mid-range, you can temporarily wait and see based on the specific situation at the time, so as to get a chance to get out of the market or lighten up your position on rallies to reduce losses.
If the price of the purchased currency is at a low level, there is no need to rush to stop the loss. After the price of the purchased currency has fallen and stabilized, you should dare to cover the position at a low level at an important support level, dilute the cost, and rebound in the next In the market, the positions locked up in the high position are rescued together.
If the price of the currency you bought is on an upward trend, you don't need to stop the loss. If you hold it patiently for a period of time, you will inevitably get rid of the set, and there may even be greater profitability.
If the price of the currency you bought is in a shock trend, you don't need to stop the loss immediately, and wait patiently for the currency to enter the high level of the shock range. Once the currency is released or the loss is small, you should decisively leave the market.
If the price of the currency you bought is in a downward trend, once it is confirmed that the downward trend has been formed, you should stop the loss immediately, and you must not have any illusions about gains or losses. Any hesitation and hesitation may be exchanged for a deeper hold-up.
The above are just some ideas for handling various situations after the set order appears, and the specifics are based on your own situation. For those who do spot goods, once the order is set, it may take time to exchange space.
The contract is a leveraged transaction, which is relatively flexible, but the requirements for the timing of entry and exit will be higher.