#StopLossStrategies

To avoid unexpected market fluctuations, a stop-loss strategy is extremely important. A stop-loss is an order that automatically closes your position when the price reaches a specific level. This mechanism helps limit losses. For example, if you bought Bitcoin at $50,000, you could set a stop-loss at $48,000 to avoid greater losses. To use stop-loss effectively, it is essential to understand market trends and your risk tolerance.