#StopLossStrategies
Stop Loss in crypto means:
An automatic order placed to close the trade when the price reaches a certain level to minimize losses.
Simple example:
You bought Bitcoin at a price of $60,000.
You placed a Stop Loss order at $58,000.
If the price drops to $58,000, Bitcoin is automatically sold to avoid further losses.
Why is it used?
To protect capital.
To minimize losses in case the market reverses against you.
An important tool in risk management.
Types of Stop Loss:
Fixed Stop Loss: A specific and fixed price.
Trailing Stop: Moves up with the price when in profit, but closes at a certain percentage drop.
$BTC $
