My personal understanding of stop loss: Stop loss should be a dynamic price range, and this price range is crucial.
If it drops for a few hours and can recover, then it is not a breakdown; if it cannot recover for a few hours or a day, then it has broken down, and at this point, taking a stop loss makes sense.
Generally, this position is fought over repeatedly; if it is really a stop loss order, then it may need to be stopped several times within a day.
Some more experienced individuals may keep a continuous watch on the market rather than directly placing a stop loss order.
Additionally, you need to be able to accurately judge what the current trend is, how confident you are in this order; if the market is unclear, placing a stop loss is very necessary.
If the direction is clear and the leverage is low, it is not necessary to have a very close stop loss.
In summary:
Having a stop loss does not necessarily mean it is a correct trade, and not having a stop loss does not necessarily mean it is an incorrect trade; specific situations require specific analysis, and what suits you is what is right. $BTC
