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The recent crypto world market has been chilling, dealers are controlling the market trend back and forth, I believe that investors who have entered the crypto world have been trapped before, today I will share with you some practical operations for breakeven after being Tied Up.
1. Short
You find yourself deeply trapped and unable to close the position. The most important thing is to confirm whether the market or the coins in your hands will continue to plunge further. You can choose to use the deeply trapped funds as Short, and also use the profits to offset the losses.
2, swing trading
When your Tied Up coin falls, you can choose to sell it temporarily when it falls, and then buy it back at a lower price when it falls to reduce your cost. However, this method has a higher risk and requires accurate prediction of the timing.
3. Exchange
You may be a little confused when you see this name. In simple terms, it means 'change positions'. However, in the crypto world, this is a bad habit. But actually, when you are sure that a certain coin in your hand is tied up and in a weak position, and there is still room for a pump, you can decisively change the coin when you accurately judge that the trend of another coin will definitely be strong, so that the profit from the newly purchased coin can offset the loss of the former.
4. Liquidation
Finding that you have made a serious mistake in buying, you should be prepared to cut loss, and try not to let your losses further expand. This method requires the determination to cut loss timely, actually as long as you ensure that the capital loss is not too great, there are countless opportunities to make it back in the crypto world.
5. HODL in a Buddha-like manner
When you are really trapped and have no ability to play people for suckers or do margin replenishment, you can only use time to grind it out. This method can only be applied to those who invest with their spare money. It is difficult to endure if borrowed or loaned.