Stop-Loss Order
An order that triggers a sale once price falls to your line — discipline automated, with gaps and wicks as the fine print.
A stop-loss automatically triggers a sell when price hits your threshold, capping downside without requiring you to watch charts or negotiate with your own hope. Variants: stop-market (fills at any price once triggered — certain exit, uncertain price) and stop-limit (price floor, but may not fill in a crash).
Crypto’s 24/7 volatility adds fine print: violent wicks can trigger stops then reverse (“stop hunts” cluster around obvious round numbers), and gap-throughs slip past stop-limits entirely. Stops suit traders managing positions; long-horizon DCA investors often deliberately skip them, accepting drawdowns instead of donating to wick-fishers. Either answer is fine — chosen in advance.