The Vibe: A smart sell order that follows your price up and protects profits (or limits losses) automatically.
The Details: A trailing stop-loss is a dynamic order that trails the current market price by a set amount or percentage. If the price rises, the stop price moves up with it (locking in gains), but if the price falls, the stop stays put. Once the market price hits the stop level, it triggers a sell. For example: buy at $100, set a 10% trailing stop → if price hits $200, stop moves to $180; if it then drops to $180, you sell automatically. Great for letting winners run while cutting losses.
Pro Tip: Use on volatile coins during pumps to secure profits without constantly watching charts. Many exchanges support trailing stops natively—combine with ladder strategy or after recouping initial investment for even better risk management.