A stop-loss order is a universal risk management technique applicable in stocks or even crypto trading to effectively limit potential losses. Stop orders are ideal for short-term traders who need to automate most of their trading process. The sell order is used to **protect long positions in bullish markets** and **protect bearish positions** The order will automatically trigger a sell order if the price drops below a certain level decided by the trader. The best part? **It’s all automated and you lose nothing!
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Bybit
@bybit
Bybit, a crypto exchange, offers an ultra-fast matching engine across Spot, F&O, launchpads, earn products, NFTs & more.