It looks like this condition will continue, and maybe you are a little late to use stop-loss because the price is now at the $25k level. But still, it's okay if you already use stop loss to avoid even bigger losses. Hopefully, the price will not fall deeper and sadden investors and traders. But if that continues, investors and traders will have to prepare themselves for deeper bear market times.
But rest assured that this situation will not last forever and will be replaced by the bull market so that the price will reverse direction and increase again. Or maybe if you're in doubt, it's best not to try to buy coins and just wait.
Topic: A season for stop loss - page 6. (Read 948 times)
Or simply stop trading so that you will save yourself on stressful days like this rather than forcing yourself to trade and set a stop loss which will highly be hit due to huge wicks of crypto volatility. Make sure to apply properly stop loss and not use it to slowly decrease your asset by setting it on the range which the price could reach up and down. The current market is very unstable and there's clear sign of bearish movement despite some minor relief. I believe we can experience relief in the next few days but that doesn't mean we should trade right now to get that small chance of profit. I preferred to watch and wait rather than risk trading right now.
While I agree with you — because trading is definitely not for everyone, we're in the Trading Discussion section.
But yea, money is made in times like this if you know what you're doing. I made a killing shorting the insolvent Celsius. https://twitter.com/CelsiusNetwork/status/1536169010877739009
This is the best time to pick your stop loss and make it an essential part of your trade. The market keeps falling and investors and traders alike keeps crying. It seems some wild prediction of Bitcoin giving those who missed the early opportunity of buying is coming alive. To avoid been caught up and trapped by the market volatility stop loss should be as useful as every other technical or fundamental tool you can think of. It is better to risk a small fraction of your assets than losing it all
Or simply stop trading so that you will save yourself on stressful days like this rather than forcing yourself to trade and set a stop loss which will highly be hit due to huge wicks of crypto volatility. Make sure to apply properly stop loss and not use it to slowly decrease your asset by setting it on the range which the price could reach up and down. The current market is very unstable and there's clear sign of bearish movement despite some minor relief. I believe we can experience relief in the next few days but that doesn't mean we should trade right now to get that small chance of profit. I preferred to watch and wait rather than risk trading right now.
Stop loss on last 2017-2018 bull run peak? Where it is around $20,000?
For me, I am really not alarmed with these recent dumps in the cryptocurrency market because it's not only the cryptocurrency market, it is most of the market especially non cryptocurrency market.
For me, I am really not alarmed with these recent dumps in the cryptocurrency market because it's not only the cryptocurrency market, it is most of the market especially non cryptocurrency market.
This is the best time to pick your stop loss and make it an essential part of your trade. The market keeps falling and investors and traders alike keeps crying. It seems some wild prediction of Bitcoin giving those who missed the early opportunity of buying is coming alive. To avoid been caught up and trapped by the market volatility stop loss should be as useful as every other technical or fundamental tool you can think of. It is better to risk a small fraction of your assets than losing it all
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