Hello, this is a universal advice. Attention everyone! Please use stop loss and take profit, especially stop loss. No one will be upset if their profit is greater and they did not set a take profit, but everyone will be in trouble if their loss is greater than they can afford. Set a stop loss! You need to know how to set a stop loss correctly. Set it just below the support level. This support level should be at the intersection of the diagonal level and horizontal level, if any. And these stop losses I mean, set them while studying the chart starting from the 1-day timeframe to understand the direction, technical analysis on the 4-hour timeframe, and there you also find the previous support of the diagonal level and horizontal level. Set the stop loss just below these levels. In the case of shorts, also, but mirrored, at the resistance level. Let me explain.

Suppose you saw the chart, opened the 1-day and 4-hour timeframes, and saw a clear impulse and correction to some level, say to the Fibonacci level 0.618, and you saw such a diagonal level with horizontal support. So at such levels, stop losses are set just below these levels.