When we are at Extreme Greed you need to be taking some profit off the table. Most people in crypto fail to keep the money they've made. They either sell too late or they selfishly watch all profits fall back to zero.
I've seen this happening each cycle.
We all need to understand that 1st priority in crypto is surviving. Profits are in 2nd place. Yes that sounds counterintuitive, but it's really simple. The real skill is not in making money. The real skill is in keeping it.
I hope you found this useful. Keep up the flow, and may the force be with you.
Profit taking is very important in tradingaa, because you only won a trade when you have closed that particular qtrade in a profit, why this is important is because, Sometimes, some profiting trades at last became a lost trade, and this has happened to me a couple of times, and a good approach to this, is taking percentage profits along the line on any major support and resistance depending on which direction you choose, long or short, and always put your trades on break-even once you are about 10% profits in that trade.