šUpdate on $VANA Current Situation .
āSelling pressure remains high: For coins under strong selling pressure, this can lead to volatility and significant risk.
āStop-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 .
š„Stop-Loss Strategy :
āAccept a 10% loss: Sometimes, quickly cutting losses can prevent greater losses if the downtrend persists.
āPrevent panic selling: With a stop-loss order, you can reduce the risk of panic selling during sharp market fluctuations.
š„ Trading Notes :
āMonitor trends closely: If the market recovers, consider adjusting the stop-loss or reopening positions when positive signals appear.
āStay calm: Keep a clear mind and avoid letting emotions influence trading decisions.