The dynamics of trading the market change after a specific period. My concern is the spike that usually occurs especially when you are in one direction and the market moves in the opposite direction. Have you experienced such before, what is the best approach a person can take to salvage the situation?
I have had a few suggestions like opt-out, some have said canter trade so you can recover. Do well also to share how one can avoid this possible scenario.
There is nothing one can do to immediately get out of such a situation, spikes occur when you make trades and you will need to deal with them, if you make hasty and quick decisions, you might end up losing money, so you will need to be calm and collected and think and look for ways that can be used to give you the best outcome in that situation, I have been there, and I know that it's difficult and you kind of have to deal with mixed emotions during this period.
If you have bought a certain token and the market dipped right after that and you can clearly see that your assets have lost a lot of value, you definitely need to hold and wait for the market to recover, if the coin or token is trusted, it will go up when the market does, and, if you have more money, maybe you should also keep buying more trusted and reputable cryptocurrencies so that you can get more profit once the market goes up.