Hedge - The golden rule for users who are hedging their positions is to take a position that is the opposite of their current one. This means that traders should take a short position if they believe the price of a specific asset will decline and a long position if they believe the price will rise. Cryptocurrency hedging is not completely risk-free, either. Even if the price chart displays pertinent signs, there is no certainty that the price of a specific item will decrease or increase. Therefore, while choosing which cryptocurrency to hedge and what hedging method to employ, traders should consider the advantages and disadvantages.