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Let's say you buy SOL at $200.
You set a stop-loss at $190.
If SOL falls to $190, your position is automatically sold (or closed), helping prevent larger losses.
Let's say you buy SOL at $200.
You set a stop-loss at $190.
If SOL falls to $190, your position is automatically sold (or closed), helping prevent larger losses.
stop-loss is an order that automatically closes your trade when the price reaches a level you've chosen, limiting how much you can lose
stop-loss is an order that automatically closes your trade when the price reaches a level you've chosen, limiting how much you can lose
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Wait for confirmation – Don't enter until price shows a clear direction.
Avoid overleveraging – Shakeouts can trigger liquidations on high leverage.
Keep stop-losses at logical levels – Don't place them where everyone else does.
Wait for confirmation – Don't enter until price shows a clear direction.
Avoid overleveraging – Shakeouts can trigger liquidations on high leverage.
Keep stop-losses at logical levels – Don't place them where everyone else does.