Example: I buy 1 BTC at $ 5200 and simultaneously place a stop limit (loss) at $ 5200, if the price goes up then it's good for me but if it goes down then I would lose nothing
Thank you
You are very lucky today, now the price of Bitcoin is $ 6500, whereas you are buying the price of $ 5200, so now if you sell it already has a profit of $ 1300 enough for you to buy something useful.
The strategy you are doing is right.
Not everyone is confident enough when the price of Bitcoin drops and certainly people will be very suspicious when that coin drops to a low . I was psychologically and panicked when the Bitcoin price fell to $6000 but today the price continues to rise again. The current market is very difficult to predict and there will certainly be more volatility in the near future.