Is there a specific strategy or method to set stops on BitMEX if the price falls below a certain price level?

1 answers

• Jan 20, 2022 · 3 years ago
  At BYDFi, we recommend using a combination of technical analysis and risk management principles to set stops on BitMEX. This includes identifying key support and resistance levels, using trailing stops to protect profits, and adjusting stop levels based on market conditions. It's important to regularly review and update your stop orders as the market evolves. Remember, setting stops is just one part of a comprehensive trading strategy. Always do your own research and seek professional advice if needed.
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