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Large number of cryptocurrencies, advanced. Intraday or day trading involves buying and selling assets within interface, educational resources for beginners.

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MEXC GLOBAL - STOP LOSS - SPOT MARKET - TUTORIAL - HOW TO SET A STOP LOSS ON MEXC SPOT EXCHANGE
Stop loss is a trading tool designed to limit the maximum loss of a trade by automatically liquidating assets once the market price reaches a specified value. Stop losses can cut losses short, while take profits can lock in gains. Traders typically identify stop-loss levels based on price percentages. A stop loss order allows you to buy or sell once the price of an asset (e.g. BTC) touches a specified price, known as the stop price. This allows you to limit.

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And a well-implemented stop loss strategy is the cornerstone of this protective approach. A rise in the market price leads to an equivalent rise in the stop-loss amount. However, if you aim to maximize profits during a bullish trend, a trailing stop loss can be more advantageous.