That works too, but if you're holding less prominent alts, be advised they might not come back, some of them always die out, but the top ones won't (I'm not talking to you ions I know you know what you're doing). Ultimately HODL will result in profits. I just chose to go into tether before bleeding all the way down so I can buy back a lot larger positions for the same money. I only did that because I bought in near the top of this bull run, and last bull run I fucked up monumentally because it was my first time, bought at the peak, held until the bottom, and sold at the bottom, lol.
Moving forward my strategy is:
Buy at the bottom to position myself for next bull run
Take profits at regular intervals at the next bull run
Accumulate a nest egg of BTC/ETH/some other top 10s to hold long term through ups and downs that I don't touch except to take profits during bull runs
Keep a slush fund of like 10% of that to repeat this same pattern with smaller alts that I think will do 50x or more in the next bull run, and repeat these steps every bull run
Using this strategy I am attempting to produce a long term income stream that grows steadily.