Quote from: Peanutswar on June 19, 2024, 11:38:56 AM

Quote from: rohasnagpal on June 11, 2024, 09:24:33 AM

But here's the golden rule: Never bet against Bitcoin.

I guess it's better to say don't against the surge or flow of the market, if the price of the coin is going down make a ride on it and not hope there's a reversal because sometimes a long down trend gives another dump. Currently, the market price of the bitcoin has dropped to 65k and many people get liquidated before the price goes deep its better to have at least signals and analysis with the market behavior so you don't get carried away with your position always mark to make a stop loss and take profit use this feature to prevent trade using your emotions.

On the other hand, using stop losses must also pay attention to the framework we create, because if not, we will often be faced with the stop loss being touched and the price rising again. therefore many traders are confused about it. However, we must always evaluate that we must provide a stoploss space that is not too close to the price action, but also still fits into our risk calculations.