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Daniel Hristov
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Why I Don't Set Stop Losses for Crypto
(Absolutely not financial advice)
The crypto market is known for its extreme volatility, something we've all experienced firsthand. Personally, I don't set stop losses for crypto because of the sudden, sharp price drops that can quickly bounce back up.
These rapid declines often trigger stop losses, only to see the price recover shortly after - a frustrating situation no one wants to face.
This is why I recommend lowering stop losses (or even removing them) when copying my portfolio. It's a strategy to avoid those sharp price drops from unnecessarily triggering Sls.
Crypto has a way of falling hard and fast but recovering just as quickly. The drawdowns can often be regained within days, so resilience is essential. The road ahead will be bumpy as we approach the next major rally, but I remain confident in what's to come. Quarter 1 of 2025 is still when I see altseason truly igniting and taking the spotlight.
Trade safe and take care everyone.
$XRP $DOGE $HBAR $ADA
(Absolutely not financial advice)
The crypto market is known for its extreme volatility, something we've all experienced firsthand. Personally, I don't set stop losses for crypto because of the sudden, sharp price drops that can quickly bounce back up.
These rapid declines often trigger stop losses, only to see the price recover shortly after - a frustrating situation no one wants to face.
This is why I recommend lowering stop losses (or even removing them) when copying my portfolio. It's a strategy to avoid those sharp price drops from unnecessarily triggering Sls.
Crypto has a way of falling hard and fast but recovering just as quickly. The drawdowns can often be regained within days, so resilience is essential. The road ahead will be bumpy as we approach the next major rally, but I remain confident in what's to come. Quarter 1 of 2025 is still when I see altseason truly igniting and taking the spotlight.
Trade safe and take care everyone.
$XRP $DOGE $HBAR $ADA
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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