What are the recommended SL and TP percentages for cryptocurrency investments?

3 answers

• Jan 14, 2022 · 3 years ago
  As a professional in the cryptocurrency industry, I recommend setting your Stop Loss (SL) percentage at around 5-10% and Take Profit (TP) percentage at around 20-30%. This allows for a reasonable risk-reward ratio and helps protect your investments while still aiming for profitable returns. Remember to adjust these percentages based on your risk tolerance and the specific cryptocurrency you're investing in. Happy investing! 💪
  430215
• Jan 14, 2022 · 3 years ago
  Hey there! When it comes to SL and TP percentages for cryptocurrency investments, it's important to find a balance between risk and reward. Some traders prefer a more conservative approach and set their SL at 10% and TP at 20%, while others who are willing to take on more risk may set SL at 5% and TP at 30%. Ultimately, it depends on your trading strategy, risk tolerance, and the specific cryptocurrency you're investing in. Good luck! 🎉
  441147
• Jan 14, 2022 · 3 years ago
  According to BYDFi, a popular cryptocurrency exchange, they recommend setting your SL percentage at 5-10% and TP percentage at 20-30% for cryptocurrency investments. However, it's important to note that these percentages may vary depending on market conditions and individual trading strategies. It's always a good idea to do your own research and consult with experienced traders before making any investment decisions. Happy trading! 💰
  438110