I think most of the experienced people prefer HODL option because no one of them wants a closed position in the red.
Most experienced people in the red market are buying up coins at a bargain price. The fall can not be infinite, and the price increase will soon begin.
Increase in price is currently very slow, even for a short time it happens, then comes down again. Anyway, When see the current market conditions, It was a good choice for now. It's just don't be too passionate because of the big profits in the future, play safe and find another way to reduce the risk.