Out, I bought an altcoin and I'm afraid that Bitcoin will correct and I'll lose a lot of money, can you help me? Calm down, breathe and come with me.
First, select the currency you bought and click on "Sell". In the second step, you will change the sell order you usually use. Instead of "Limit" or "Market", select the OCO order.
In the OCO order, the first space to be filled will be the limit, which is the price at which I want to sell the currency. In the two fields below, I will define my stop loss, which is the price I'm willing to hold if the currency falls.
For example: I bought Bitcoin at 54,000, so I place the sale at 70,000 and the stop loss at 54,000. Done! Now I'm protected!
If you bought a coin and it went up, raise your stop loss along with it, so you can guarantee at least some profit if it corrects or in the worst case, recover the money invested by staying at 0.
