🎓 Crypto from Scratch: Lesson 15. Stop-Loss Using $BNB as an Example🛡️
A stop-loss is an automatic order that locks in a loss if the price moves against you. It’s like a seat belt in a car.
In the previous lesson, we learned about market and limit orders. A stop-loss protects your capital. Coin $BNB is trading at $688.31. Setting a stop at $673.31 (the 7-day low) will limit your losses.
A beginner’s mistake is trading without stop-losses.
Next, we’ll cover take-profit orders.
Tap $BNB and check the range from $679.59 to $692.64.
Subscribe to the lesson series.
This is my opinion, not advice. Make decisions only after doing your own research (DYOR).
#BNB #CryptoEducation
A stop-loss is an automatic order that locks in a loss if the price moves against you. It’s like a seat belt in a car.
In the previous lesson, we learned about market and limit orders. A stop-loss protects your capital. Coin $BNB is trading at $688.31. Setting a stop at $673.31 (the 7-day low) will limit your losses.
A beginner’s mistake is trading without stop-losses.
Next, we’ll cover take-profit orders.
Tap $BNB and check the range from $679.59 to $692.64.
Subscribe to the lesson series.
This is my opinion, not advice. Make decisions only after doing your own research (DYOR).
#BNB #CryptoEducation
