If I do not make a stop loss, what happens? For example, I bought XRP 2.4 and now that it has dropped to 1.9, will it affect my capital or not because I will not sell until it rises to 3?

$XRP

Market Bullish Kid: $XRP /USDT 🔥💯
Current Price: $2.33 (+3.22%)
Momentum continues to build for XRP as it breaks key resistance levels on the 30-minute chart. Strong uptrend signals a confirmed bullish breakout.

Trade Setup
• Entry Point: Current price or on dips near $2.3000.
• First Target (TP1): $2.5000
• Second Target (TP2): $2.7000
• Stop Loss: Below $2.2000 (to protect your losses).
Key Notes
1. XRP has gained over 294% in 90 days, indicating a long-term bullish sentiment.
2. Lock in partial profits at TP1 and use stop loss to maximize gains.
3. Monitor volume and RSI for signals of overbought conditions or continuation patterns.
🚨 Risk Management Tip: Always use stop losses and avoid overleveraging.
Stay tuned for updates on next targets and insights. Happy Trading