...Is this also your strategy?
The stop loss cannot depend on the size of the leverage. But the leverage is directly related to the order liquidation price. Accordingly, the higher the leverage, the closer the liquidation level is and the higher the chance of losing your deposit.
This means that if you want to do stop loss in there, you need to arrange it according to the whole leverage level. If you are going to lose it all with just 1% drop then make it a quicker and closer thing, like 0.5% for example, or if you are going to lose it all with 5% then you could do it 3% for example.
I still think that if you are in high leverage situation then you would probably not need a stop loss, that is a better thing in spot trading if you ask me. Because in the leverage trading, specially in the high levels like 100x for example, it is obvious that you are risking all of the investment in return of making a decent return in quicker time hence scalping kind of very short term trading is advisable to avoid encountering stoploss situations.