🚀Update on $VANA Current Situation .
⭐Selling pressure remains high: For coins under strong selling pressure, this can lead to volatility and significant risk.
⭐Stop-loss at $16: Setting a stop-loss at this level helps limit risks if the market continues to decline. A 10% loss is a reasonable choice given the potential for strong market fluctuations in the short term .
💥Stop-Loss Strategy :
⭐Accept a 10% loss: Sometimes, quickly cutting losses can prevent greater losses if the downtrend persists.
⭐Prevent panic selling: With a stop-loss order, you can reduce the risk of panic selling during sharp market fluctuations.
💥 Trading Notes :
⭐Monitor trends closely: If the market recovers, consider adjusting the stop-loss or reopening positions when positive signals appear.
⭐Stay calm: Keep a clear mind and avoid letting emotions influence trading decisions.