There are several ways you can hedge against the risk of market price declines. Some options include:

1. Using derivatives: Derivatives are financial instruments that derive their value from an underlying asset, such as a stock or commodity. One type of derivative that can be used for hedging is a put option, which gives you the right, but not the obligation, to sell a certain amount of an underlying asset at a specific price (the strike price) on or before a certain date (the expiration date). If the market price of the underlying asset decreases, you can exercise your put option to sell the asset at the higher strike price, potentially offsetting some of your losses.
2. Diversifying your portfolio: Diversifying your portfolio means investing in a variety of different assets, rather than putting all your eggs in one basket. This can help to mitigate the impact of market declines on your portfolio, as the performance of one asset may not necessarily be correlated with the performance of another.
3. Using stop-loss orders: A stop-loss order is a type of order that is placed with a brokerage to sell a security when it reaches a certain price. This can help to limit your potential losses if the market price of the security decreases.
4. Investing in low-risk assets: Investing in low-risk assets, such as fixed income securities or cash equivalents, can also help to mitigate the impact of market declines on your portfolio. These types of assets tend to be less volatile than stocks and other higher-risk assets, so they may be less affected by market fluctuations.

It is important to note that no hedging strategy is foolproof and all investments carry some level of risk. It is important to carefully consider your investment goals and risk tolerance when deciding on a hedging strategy