If you still don't know how to use the stop loss, or unsure where to put it, here's what you should do 👇

1. Put your SL in the next support if you're position is long. If your shorting, put it in the next resistance.

Or

2. Make a steady 2-4% stop loss if you're scalping or day trading. If you're up for a long term hold, you can stretch it to 5-10%.

Stop loss is a must in every trade. It's the only way for you to protect your profit and most all your capital. If you're SL is hit, remember you can always buy again at a much lower price. That way, you can even increase your token holdings. You'll then end up having more profit when it bounces back.

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