I have set the weekly target of 2% profit on the capital amount which is quite easy knowing that BTC swings about 2% on a daily basis and hence it would be an easy target to achieve.
I am achieving the target but as the recent dip was a big one, it took away all the profit I made. So is a stoploss worth a try so that such big dips don't take away the rest of the profit I make ? Should I consider placing a stoploss for such a small target ?
If you aren't comfortable with the price dropping so much then yes you should use a stop loss. If you are willing to hold bags and wait things out that is fine as well, depends on your trading style. However, if you want to trade more often in order to try and capture more profits you will want to use a stop loss so your money isn't tied up in positions that are losing.