#StopLossStrategies are crucial for risk management. A stop-loss order automatically sells your crypto if the price drops to a specified level, limiting potential losses. Common strategies include setting fixed percentage stop losses (e.g., 1-10% below entry), using support levels as stop-loss points, or employing trailing stop-loss orders that adjust as the price moves favorably.

Proper placement is key; setting it too tight can lead to premature exits due to minor price fluctuations, while setting it too wide exposes you to greater risk. Consider market volatility and your trading timeframe when determining stop-loss levels. Tools like Average True Range (ATR) can help gauge volatility. Remember, a well-defined stop-loss strategy is essential for preserving capital in crypto trading.