#StopLossStrategies

StopLossStrategies are essential tools in managing risk and protecting your capital when trading. In volatile markets like crypto, using stop-loss orders helps you automatically exit a trade before losses mount too high. For instance, you can set a percentage-based stop-loss at 5% below your entry price, ensuring that if the asset falls quickly, you only lose a controlled portion of your investment. Alternatively, a trailing stop-loss adjusts as the price climbs, locking in profits while allowing room for growth. Other methods include fixed-dollar stop-losses or placing stops just below key support levels identified through technical analysis. By planning your exit before entering a trade, you maintain discipline, minimize emotional decisions, and protect your portfolio from unexpected downturns. #CryptoTrading #Binance