This another great strategy to eliminate or reduce loss when you notice the coin you bought is falling in value. How can you know when to use this strategy?
When you notice a very rapid 10% and above fall in coin value after purchase. Then you can adopt this method.
Assuming you noticed a 10% fall in price and sold at a 15% loss, chances are that the coin could fall by 35% or more. when you buy back at the 35% loss point then you have gained about 20%.
For it to work well for you always ensure to monitor the buying and selling data and the rate at which they rise and fall.
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