#StopLossStrategies Using stop-loss orders is essential for risk management in crypto trading. On Binance, you can set stop-loss orders to automatically sell if prices drop to your chosen level.
For volatile assets, consider:
1) Percentage-based stops (e.g., 5-10% below entry)
2) Support-level stops (below key chart points)
3) Trailing stops (locks in profits as price rises)
Combine stop-losses with position sizing - never risk more than 1-2% of capital per trade. Remember, stops protect you from emotional decisions during market swings. Test different approaches in spot trading before using them with leverage.
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