"Why do 90% of beginners fail to profit in a bull market?" The harsh truth is: they master the art of charging forward but forget how to retreat. The cryptocurrency market resembles an endless marathon—while the adrenaline rush of entry matters, the real test lies in executing a disciplined exit strategy that determines whether you walk away with profits. Picture this: Bitcoin surges 20% overnight. Do you secure gains or greedily wait for higher peaks? When the market crashes abruptly, slashing your portfolio by 30%, do you cut losses or blindly buy the dip? Today, we strip away the glitter of "get-rich-quick myths" and confront the most overlooked lifeline in trading: exit strategies.

1. Exit at the Target Price

This is the simplest and most commonly used strategy. Before you buy a cryptocurrency, set a target price first. For example, if you think Bitcoin will reach your expected profit when it hits $50,000, then sell it果断 when it actually reaches that price. The advantage of this strategy is that it's straightforward and allows you to clearly define your profit goal. However, the drawback is obvious. If the market continues to rise, you may miss out on subsequent profits. But for beginners, getting the expected profit steadily is already a great start.

2. Exit with a Stop-loss

Stop-loss is an important means to protect your funds. When the price of a cryptocurrency drops to the pre-set stop-loss price, you should sell it without hesitation. For instance, if you bought Bitcoin at  $40,000andsetthestop-lossat$40,000andsetthestop−lossat38,000, sell it immediately when the price reaches that level to prevent further losses. A stop-loss is like an insurance for your investment. Although it may cause you some short-term losses, it can prevent you from losing all your capital in a market crash.

3. Exit Based on Technical Indicators

Many experienced traders decide when to exit the market based on technical indicators. Common technical indicators include moving averages and the Relative Strength Index (RSI). When these indicators give a sell signal, you can consider exiting. For example, if the price of Bitcoin falls below the 20-day moving average or the RSI enters the overbought zone, it may be a signal to sell. However, technical indicators are not foolproof. Sometimes the market may deviate from what the indicators suggest, so you need to make a comprehensive judgment by considering other factors.

4. Exit According to Market Sentiment

The cryptocurrency market is easily influenced by market sentiment. When there is excessive optimism or pessimism in the market, it is often a signal to exit. For example, when everyone is crazy about Bitcoin reaching $100,000 and various media are hyping it up, it may be a sign of an overheated market, and you can consider selling. On the contrary, when the market is in panic and everyone is selling, if you have already made some profits, you can also choose to exit and wait and see.

5. Exit Based on Time

Sometimes, time is also an important factor. You can set an investment period, such as three months or half a year. When the time is up, sell regardless of whether the price has gone up or down. This strategy is suitable for investors who don't have much time and energy to monitor the market. By setting a time limit, you can avoid getting stuck in endless waiting and anxiety.

In conclusion, in cryptocurrency trading, exit strategies are as important as entry strategies. As a beginner, you can choose the exit strategy that suits you according to your investment goals, risk tolerance, and trading experience. I hope everyone can achieve their investment goals in the cryptocurrency market and make a fortune!