Are there any specific strategies or best practices for setting stop loss and stop limit orders in cryptocurrency trading?

1 answers

• Dec 16, 2021 · 3 years ago
  At BYDFi, we recommend using a combination of technical analysis and risk management principles when setting stop loss and stop limit orders in cryptocurrency trading. This includes identifying key support and resistance levels, using indicators to confirm trends, and setting stop loss and stop limit levels based on your risk tolerance. It's also important to regularly review and adjust your orders as the market conditions change. Remember, setting stop loss and stop limit orders is an essential part of managing risk in cryptocurrency trading.
  549275