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.
Afternoon plunge caught in a trap? Don't panic, here are 3 strategies to get out
The ruthless decline this afternoon has caught many accounts off guard. The anxiety of being trapped hits instantly, what should you do?
Remember, blind operation is a big taboo for getting out of a trap. The following market-verified strategies may provide you with clear action ideas:
1️⃣ Check Position
Small trap → Rebound to reduce position
Deep trap → Add to position in batches
2️⃣ Watch Entry Points
Enter at high → Stop loss if broken
Enter at low → Stabilize and add
3️⃣ Observe Trends
Uptrend → Hold position and wait for relief
Volatility → Sell high and buy low
Downtrend → Cut losses decisively