#StopLossStrategie

At a certain price, a predetermined stop loss is established. Finding a price at which you're willing to sell the asset in order to limit additional losses is the most basic type of stop loss. For instance, your position will automatically sell if #LITCOIN drops to $2.40 if you buy it for $2,500 and set a fixed stop loss at $2,400.

For instance You establish a 10% trailing stop loss when you purchase Litecoin at $150. The stop loss will change to $148.50 (10% below $165) if the price of #litacoin rises to $165. The stop loss order is activated if the price falls to $148.50.