SECURITY IN #BTC
IF WINNING IS YOUR OBJECTIVE, YOU CAN TAKE THE FALLS OF THE COINS AND TURN THEM INTO A PROFIT... let me explain.
Example ETHEREUM **: The price at which you intend to sell to secure a profit. For example, if ETH is at $1,798.11, you could set a target at $1,950.
- **Take Profit**: An order to automatically sell when the price reaches your target, securing your profits. So, if ETH reaches $1,950, the trade closes with your profit.
- **Stop Loss**: An order to automatically sell if the price falls to a certain level, limiting your loss. If ETH falls to $1,787.23 (as shown), the trade closes to prevent a greater loss.
These tools help traders plan their exits and manage risk.