stop loss is very important if bitcoin releases the brakes and falls down following the daily chart, for example if we buy $ 8k, then there is no other word than to wait for bitcoin to remain floating, or make a one-sided cut loss if not using it, altcoin also applies the same.
traders who set many orders will be greatly helped rather than pressing "cancel all" which is often late, but there are still other options such as OCO which can specify two directions of orders side by side.