Most crypto assets experienced a sudden and unexpected drop just when it seemed the bulls had the day. Including the King of the Bulls
$BTC I am sure a lot of traders had their positions liquidated and it was another stark reminder of the need to always include a stop loss trigger in your trades to avoid total loss.
Although the crypto market offers the chance to increase your profits, it also presents the risk of significant losses due to its high degree of volatility. High losses are something that no trader wants to experience, and this is especially true for traders who have purchased short-term crypto assets only to see the trends go against them. Stop-loss trading is the safest and most effective way out of a losing trade in certain circumstances.
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