A stop-loss order in cryptocurrency trading is a crucial risk management tool that automatically sells your crypto asset if its price drops to a specified level, known as the stop price. Its significance lies in limiting potential losses by acting as a safety net, preventing emotional decision-making during volatile market downturns, and allowing traders to define the maximum amount they are willing to risk on a particular trade without the need for constant monitoring. By automating the exit at a predetermined loss level, it helps protect capital and preserve trading discipline.#StopLossStrategies
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