Like for example. You buy this coin x at $3 but the price dumped, and just like trading, do you still put stop loss or cut loss?
Stop loss is a
must regardless of what coins do you invest.
But before I set that up, I would analyze and check the price regularly before make the order. You don't want to that order filled automatically after you made one, right? If the chart is showing a good sign for few weeks/months then I tempted to make the stop loss, so I can secure the loss.