If you’ve made some profits on your spot trades, now might be a good time to cash out a bit. Taking profits is important—markets can be unpredictable, and securing some gains helps protect you from sudden drops.
There are different ways to do this. Take partial profits: Sell a portion of your holdings and keep the rest in the market.
Use a trailing stop: This lets you lock in profits while still staying in if the market goes up.
Sell into strength: Cash out when prices are high and the market is looking strong.
Once you’ve taken profits, you can use Dollar Cost Averaging (DCA) to buy back in over time. This spreads out your re-entry and helps avoid buying everything at the wrong time.
Lock in some gains, convert to stablecoins and then plan your next move!