$BNB
๐ขTutorial โ Stop-Loss and Risk Management*
๐ Protect Your Profit: Smart Stop-Loss Tips for BNB Traders
Although trading BNB can be very profitable, setting the *right Stop-Loss* is essential to prevent losses.
*โ Easy Stop-Loss Setup:*
1. ๐ Identify Support Level โ e.g., 760
2. Set Stop-Loss a little lower โ 755 to 750 flag
3. If the price exceeds 800 โ Raise the Stop-Loss to entry price to safeguard your balance
4. Use Trailing Stop โ After crossing the new resistance (like 809), set the stop-loss to 775โ$780
*๐ Why Stop-loss Matters:*
- RSI is currently in overbought condition, a quick correction may occur
- Market volatility is increasing โ thus, locking in profits is very necessary
*โ๏ธ How do you configure your Stop-Loss? What level do you keep? Join us๐*
