#StopLossStrategies

Using a stop-loss strategy is essential in managing risk in crypto trading. A stop-loss helps protect your capital by automatically selling an asset when its price drops to a predefined level. This prevents emotional decision-making and limits heavy losses during market volatility. For example, if you buy BTC at $30,000 and set a stop-loss at $28,500, your trade will automatically close if the price drops, protecting you from further downside. Stop-losses can be percentage-based or price-level based, depending on your strategy. Always use a stop-loss to trade smartly and avoid big losses during sudden price dips.