Profit-Taking in a Bullish Crypto Market: Secure Your Gains
A bull market can feel unstoppable, but smart traders know the importance of locking in profits. Here’s how to navigate the surge while keeping risk in check:
Set Clear Profit Targets: Decide your exit points (e.g., 20%, 50% gains) and stick to them.
Use Tight Trailing Stop-Losses: Protect your gains by adjusting stops 5-10% below the price as it climbs.
Scale Out Gradually: Sell in portions at key milestones to balance profit-taking and market exposure.
Watch for Market Exhaustion: Declining volume or bearish divergences can signal it’s time to step back.
Stay Disciplined: Avoid FOMO and stick to your plan—profits aren’t real until they’re secured!
In a bullish market, protecting what you’ve earned is just as important as catching the next wave.
