✅ *1. Use Stop-Loss Orders*
- You can set a *Stop-Loss Order* so that the asset is sold automatically if the price drops to a certain level, helping you minimize losses⁽¹⁾.
✅ *2. Set Take-Profit Orders*
- Instead of waiting for the perfect price, you can set a *Take-Profit Order* to sell automatically when a certain percentage of profit is achieved, ensuring you benefit from gains without risking a sudden downturn⁽²⁾.
✅ *3. Use Trailing Stop Orders*
- These orders move with the price, allowing you to protect profits while the price rises, and in the event of a significant drop, it sells automatically⁽²⁾.
✅ *4. Diversify your investment portfolio*
- Don't put all your money in one asset! Distribute your investments across *different cryptocurrencies* to reduce the risks associated with the volatility of a single currency⁽³⁾.
✅ *5. Follow news and analysis*
- Digital markets are influenced by news and developments, so follow *Binance Academy* and *Binance Square* for market updates and make informed decisions.
