#BitcoinKeyZone

💡 Stop loss — why it is important and how to use it

Stop loss is your protection against unplanned losses. It closes your position if the market goes against you.

📌 Why is it needed?

If you don't set a stop, you can lose everything. Don't open a deal without it.

📌 Where to set a stop?

Don't set a stop "anywhere". You need to set it behind an important support or resistance zone, best of all after some manipulation (liquidity withdrawal)

Here are two options:

• on one, the stop is behind the support level of the withdrawn liquidity, and if the price receives a correction, the probability of keeping the position is high.;

• on the other — a short stop, because of which most participants quickly incur losses. Binance CEO sees these stops and as usual, takes the hamster stops, sending the price to the take🤣

🤝 Tip:

Placed a stop at some support on the chart, but not in the void