Our usual defensive approach is to choose a strong support level and place a stop-loss there, or after taking some floating profit, choose the nearest weak support point and set the stop-loss. Many people use 100x leverage; with a strong liquidation, it’s usually only a few dozen points. With this kind of setup, you generally can only monitor the chart and set take-profit/stop-loss accordingly. Besides that, there’s another good defensive method: for short-term trading, defend using the “24-hour lowest point,” for example ETH 2366. Generally speaking, if the price does not fall below the “24-hour lowest point,” it indicates that new highs will likely continue. If it does fall below the 24-hour lowest point, it indicates that the high point has shifted downward. If 2366 breaks, it will likely pull back to 2336, and then you re-enter; at that time, the defense would be 2300. On weekends, trading is often thin and mostly ranges horizontally, which is an exception.
