#StopLossStrategies In short, here is how to implement a stop loss strategy in the crypto market:
Determine the cut loss level: For example, 5–10% below the purchase price.
Use the "Stop-Limit" feature on the exchange: Set the trigger price (stop price) and the selling price (limit price).
Example: Buy BTC at $30,000, set the stop loss at $28,500.
Goal: Limit losses if the price drops drastically.
Tips: Adjust the stop loss level according to the asset's volatility and your trading style (day trading vs long-term).