Investors use trailing stop alerts as stop orders that are designed to protect the gains an investor makes on trades by keeping a trade open as long as the price is moving in favor of the investor. Therefore, whether you are trying to lock in your profits or limit your losses, you need to keep track of a coin’s trailing stops to have greater flexibility in the market. A trailing stop can be set at a defined asset price below the current market price. It protects your downside while giving the opportunity for further upside profit.