Stop-loss Orders

A stop-loss order is an order you can place with a crypto exchange to sell a certain amount of cryptocurrency at a specific price. The main purpose of a stop-loss order is to limit the potential loss on trade by selling the cryptocurrency automatically if the price drops below a certain level. Here's an example of how a stop-loss order might work: Let's say you buy 1 Bitcoin for $10,000, and you want to place a stop-loss order to sell…