Trailing Stop Loss

The idea behind Trailing stop is quite simple. In this order type, a value either a percentage or fixed amount is set after a position has been entered into, typically as a stop loss order. And, when that value is reached through the price drop in cryptocurrency, the decision to sell that particular crypto asset is made automatically.

Trailing stops only move up. This means, if the price of crypto asset is rising, your stop will trail behind it to the specified value and you will always keep those increasing profits. Most expert traders use this feature to earn profits.