Cardano / TetherUSShort
ADA Chart Rebuy Zone
Not sure, what your buy avg is, but you need to look at is it worth going down this level and then waiting for you to get to break even or selling and rebuying at a newer level.
Example:
Let's say you bought 10K worth of BTC at 40K. Giving you 0.20 BTC.
You sell at 20K, losing 50%, leaving you with 5k. On the theory that BTC will bottom at 10K.
Now that 5K can buy 0.50 BTC, which is double what you have at the higher price.
Again, you need to measure the pros and cons, but sometimes being a bag holder now is not worth the future gains if you can take your losses now and buy back in at a lower price. This is predicated on your belief in the future of the coin/token etc.
Example:
Let's say you bought 10K worth of BTC at 40K. Giving you 0.20 BTC.
You sell at 20K, losing 50%, leaving you with 5k. On the theory that BTC will bottom at 10K.
Now that 5K can buy 0.50 BTC, which is double what you have at the higher price.
Again, you need to measure the pros and cons, but sometimes being a bag holder now is not worth the future gains if you can take your losses now and buy back in at a lower price. This is predicated on your belief in the future of the coin/token etc.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.