💲STOP LOSS 💸STOP LOSS ⛔STOP LOSS
WHEN TO USE STOP-LOSS IN RISING MARKETS? 📈💡 BEETLEJUICE BEETLEJUICE BEETLEJUICE
Let's say you bought LINK at 17. Now, the price is rising, and it's at20. Here's what you should do:
1. Set stop-loss at 18 – Even though the price is rising, securing a stop-loss at18 ensures you make a profit if the price drops.
2. Price hits 25? Raise stop-loss to22 – If LINK continues to rise, increase your stop-loss to 22, locking in more profit while the price grows.
3. When to adjust your stop-loss? – If LINK reaches51 (3x of 17), you can set your stop-loss at45. This way, even if the price drops, you're still securing good profits. 🎯💸
Why use stop-loss?
By setting your stop-loss, you protect your profits and minimize losses. So, when you're away (sleeping, working, etc.), your investments stay protected. ⏰💰
Don't let your profits slip away!
Make sure to adjust your stop-loss regularly, especially during a market rally. 💥
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