TrailingStop
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$VANA (Current: $18.201, Change: +1.14%)
Market Analysis: Slight positive movement in a higher-priced asset, likely a sign of stability.
Accumulate on dips, especially if price maintains above $18.
Set a trailing stop to secure profits while allowing for upward movement.
#VANA #Stability #TrailingStop
Market Analysis: Slight positive movement in a higher-priced asset, likely a sign of stability.
Accumulate on dips, especially if price maintains above $18.
Set a trailing stop to secure profits while allowing for upward movement.
#VANA #Stability #TrailingStop
Educational Post
Trailing Stops
Trailing stops are stop-loss orders designed to move along with the price. The idea is to constantly update your stop-loss level to lock in profits as the price changes. For example, if you are long and the price falls by a specified percentage or dollar amount, trailing stops can help you exit the trade automatically.
How to use trailing stops
Set the trailing stop percentage or value. For instance, with a 5% trailing stop, if BTC moves from $40,000 to $50,000, your stop-loss adjusts to $47,500 (5% below $50,000). If it moves further to $60,000, your stop-loss adjusts to $57,000 (5% below $60,000).
Advantages
Allows participation in extended uptrends.
Minimizes losses during sudden market reversals.
#looz_crypto
#TrailingStop
#TradingShot
Trailing Stops
Trailing stops are stop-loss orders designed to move along with the price. The idea is to constantly update your stop-loss level to lock in profits as the price changes. For example, if you are long and the price falls by a specified percentage or dollar amount, trailing stops can help you exit the trade automatically.
How to use trailing stops
Set the trailing stop percentage or value. For instance, with a 5% trailing stop, if BTC moves from $40,000 to $50,000, your stop-loss adjusts to $47,500 (5% below $50,000). If it moves further to $60,000, your stop-loss adjusts to $57,000 (5% below $60,000).
Advantages
Allows participation in extended uptrends.
Minimizes losses during sudden market reversals.
#looz_crypto
#TrailingStop
#TradingShot