trailing stop loss bybit https://goodcrypto.app/bybit-trailing-stop-orders/ is a great way to protect your portfolio against sudden price fluctuations. It functions like a Take Profit or Stop Loss order, only instead of moving the order level down, it follows the price at a trailing distance and fills the order when the price reaches the level you set. This allows you to exit positions at a profit, limit your losses, and maximize your profits.