What are the best strategies for taking profit in spot trading?

[Michalsteve]

Taking profit in spot trading can depend on your goals and risk tolerance. A common strategy is setting target levels using technical analysis, such as resistance zones or Fibonacci retracements. Some traders use a percentage-based method, selling portions at 5–10% gains to secure profit while leaving room for further upside. Using a reliable Spot Trading Crypto Exchange is important, as liquidity and execution speed can affect your strategy. Another approach is trailing stop-loss, which locks in profit as the price rises. Diversifying exits instead of selling all at once helps balance greed and reduce overall risk.