What are some reliable exit indicators to consider when investing in cryptocurrencies?

1 answers

• PsyMay 26, 2021 · 4 years ago
  As an expert at BYDFi, I can say that one reliable exit indicator to consider when investing in cryptocurrencies is the use of trailing stop orders. Trailing stop orders automatically adjust the sell price based on the price movement of the cryptocurrency. This allows investors to capture profits while still allowing for potential upside. By setting a trailing stop order, you can protect your investment and exit at a predetermined level if the price starts to decline. It's important to note that exit indicators should be used in conjunction with other analysis techniques and should not be relied upon as the sole factor in making investment decisions.
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