Hello family 🚨🚨🚨🚨🚨🚨🚨Cardano (ADA) is currently trading at $0.67. #Swing Point To set a target stop loss, consider the following strategies:
- *Moving Averages*: Place a stop loss below the 50-day exponential moving average.
- *Swing Points*: Set a stop loss at the recent swing low.
- *Fibonacci Levels*: Use Fibonacci retracement levels to determine potential stop loss prices, such as 38.2%, 50%, or 61.8% retracement.
- *Risk Percentage*: Calculate your stop loss price based on a percentage of your entry price, e.g., 5-10% below your entry point.