To take profits in spot trading for crypto, you need a simple plan.
Here's how to do it:1. Set Your TargetBefore buying, decide at what price you'll sell. Maybe you want a 20% gain, or you see a resistance level on the chart. Pick a point where youâll take some profits and stick to it
.2. Use the 50-25-25 RuleSell half (50%) when your first target hits. Then, sell another 25% if the price goes higher. Hold onto the last 25% in case the coin keeps rising. This way, you lock in gains but still ride any upward momentum
.3. DCA OutDonât sell everything at once. Sell in small amounts as the price climbs. This protects you from selling too early or missing a bigger gain later. Gradually cashing out is smart
.4. Set a Trailing Stop LossA trailing stop moves with the price. If the coin goes up, the stop moves up too. But if the price drops, your stop stays, and it will sell automatically to lock in profits. This way, you ride the trend but protect yourself if things go south.
5. Watch the MarketIf the market is bullish, hold on a bit longer before taking full profits. But if the mood is turning bearish, itâs a good time to start taking profits sooner.
6Sell at ResistanceCoins often stall at certain levels called resistance. When the price hits these levels, take some profits. Coins donât always break through right away, so donât wait too long
.7. Control Your EmotionsDonât get greedy. Itâs better to lock in profits than to hold out for the highest price. The market changes fast. Stick to your plan and take profits when you hit your target.
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