People who barely know how to read signals should not be using any stop loss or any other method and should stay away as further as possible for the time being. Market is already losing blood and it is basically just a situation where even veterans are leaving and not trading like crazy right now, and that means that if we could stay away from it as long as possible until it gets better than it is better.
If we learn about signals and be great at finding where to buy, then even the signal could come to be a wrong one, because market could move hectically without caring about the indicators. So, it is best to stay away for the time being.
I definitely agree with you. In times of uncertainty, the best decision would be to take a break from doing leveraged trades. It would be better if people just pick a few good altcoins in their eyes then buy little by little on spot as the market drops even further. The problem is that most newbies are very stubborn and that most of the people who give out signals only care about their community population which is why they still risk giving signals despite the risks. Still it would be nice if the people following such signals would strictly follow the instructions and not over leverage or go all in on every signal given. Oh well, it is what it is, best teacher is experience so better let them experience now than later.