Where To Set Your Stop Loss Trading Cryptocurrency

Ethereum / Dollar BITFINEX:ETHUSD

norok

A new trader asked me the important question, “where do I set my stop loss when trading cryptocurrency?” I decided to make a video detailing my strategy using live trade examples over the last two weeks in Solana COINBASE:SOLUSD and Ethereum COINBASE:ETHUSD . Solana was coming off a double bottom and a price spike gave the sign for where to put the stop loss. Ethereum was hitting a key Resistance level and also gave a signal for where to put the stop.

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