#Educational_Post

⭐️The difference between static stop-loss and candle close stop-loss

1️⃣Static stop-loss:

This is the setting of a fixed loss percentage that exits the trade immediately when the price reaches it, without increase or decrease.

🚫Disadvantages:

-Subject to manipulation by the platform or market, as it may hit the tail of a candle without the price actually falling, leading to your exit from the trade at an unfavorable position.

-It can be easily detected by the platform to know the largest stop-loss cluster at certain prices, and the exposed position (we're speaking generally and not about you and your poor order in front of them).

2️⃣Candle close stop-loss:

This is setting a loss percentage according to a specific fixed price but with the condition of closing a certain candle, as it can vary in loss percentage depending on where the candle closes.

🚫Disadvantages:

-Your loss can sometimes or often be greater than what you set, especially in cases of violent dumps where the price may drop to 30…40 percent and you have not exited yet.

-It cannot be executed on the platform but must be done manually.

📈As a trader, which one is better for you and why?

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