๐ฏ In an Uptrend (Going Long)
โถ๏ธ Moving Average: Set your stop loss just below the moving average. If price falls under it, exit safely.
โถ๏ธ Fibonacci Levels: Use key levels like 0.382 or 0.214. Place stop loss below the lower one to follow trend but limit risk.
โถ๏ธ Support Zones: Identify strong support (S/R zones). Put stop loss just below it to avoid getting trapped in fake breakdowns.
๐ In a Downtrend (Going Short)
โถ๏ธ Moving Average: Stop loss goes above the moving average. If price moves higher, exit to cut losses.
โถ๏ธ Fibonacci Levels: Use levels like 0.382 again. Place stop loss above the higher level to protect profits.
โถ๏ธ Resistance Zones: Spot resistance areas. Put stop loss just above to avoid falling for fake pumps.
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