This morning I was manually working on the stop-loss calculation "Currency price - (Average True Range × 2) and I discovered that the true stop-loss for most altcoins is very far away.
This means that we have not gone through any corrective period, even a short one, since the recent rise, so I suggest the following:
❄️ If you are in profit, let’s say 1 dollar, I suggest placing a stop-loss so that if this stop-loss is hit, you only lose half a dollar and keep the other half. Or lose a quarter of the speculation and keep the rest; the important thing is that the stop-loss is close.
The market gave us a small opportunity to enter last night, and I expect that as long as it is confirmed that this rise is real, we will have another opportunity to enter today.
❄️ In summary: The stop-loss for most coins has become ineffective due to its mathematical distance, so if you are in profit, I suggest making the stop-loss close so you can exit with a profit as well and look for other opportunities through the specific indicators of speculation.
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