What to do if you've been caught in a trap? Actually, it's not that complicated; the key is to respond according to the situation.

First, assess how much you've lost. If it's just a small loss, you can seize the rebound to exit or gradually reduce your position at high levels to lower risk. But if you're already deeply trapped, you need to consider trimming your position at high points or adding to lower your average cost, so you can take control.

Next, look at the trend of the coin price. Once the market confirms a downward trend, don't hesitate or hope too much—stop-loss immediately is the most reliable, the later you wait, the worse it gets. But if the market is oscillating within a certain range, there's no need to rush to cut losses; wait until it rises to a high level and then exit decisively, which can at least free you from the trap or reduce losses. The most comfortable situation is during an upward trend, where there's no need for stop-loss at all—hold patiently, and there's a high chance to recover the position and even make a profit.

Trading is like this: with the right strategy, your mindset will also stabilize.