#StopLossStrategies Basic Stop-Loss Order (Fixed Price)

- How it works: Set a fixed price where your position automatically sells to prevent further losses.

- Best for: Swing traders, long-term holders.

- Example:

- Buy BTC at $60,000, set SL at $55,000 (8.3% loss).

- If BTC drops to $55,000, Binance sells your position.

Pros: Simple, guaranteed exit.

Cons: Vulnerable to short-term volatility (may trigger before recovery).