Your stoploss = my entry

When you want to buy or go Long/Short a certain coin, make sure to place an additional buy position at your stop loss point; many times the price will return to this point and then quickly bounce back ( or drop back when Short ).

Your stop loss point is often the stop loss point of many other people because we tend to place stop losses below the wicks of the candles, at the bottom of the candle. Market makers and exchanges will always want to sweep this liquidity area.

#Tradingtips