If i have shares that are in the red can i buy more shares at a lower cost and hold on to them to break even?

Essentially im new, and dumb. I have -47.8 percent margins on a few of the same stock. I was thinking about selling my shares for a loss then buying in new shares at the lower cost but i forgot wash sales were a thing lol.

But if i were to hold on to my overpriced shares could I potentially buy in on the (now) cheaper shares and hold on to them (and wait for the 31 days to avoid the wash sale in hopes for another bullish trend) and in turn cancel out my losses and maybe even turn a profit? Or should i just hold on to them for the long run and just keep reading then charts on opening and hoping for a peak at the right time lmao