"We might think: What if I buy now, and BTC drops back to $58k? If it drops 20%, it could drop 30%, 40%... This is the classic 'fear of heights delusion' in right-side trading. In fact, when buying on the right side, you usually need to set a stop-loss point in advance; this should be determined based on your technical indicators, actual position size, and risk tolerance. For example, I personally use STH-RP as an important reference point. Looking at historical data, during the latter stages of a bear market, as long as BTC breaks above the STH-RP, there’s a high probability of a small trend forming. After that, if it retests the STH-RP without breaking below, the trend continues. If it breaks below, the trend ends. Currently, the STH-RP is around $70,000 (it changes dynamically); so if BTC drops back to $70k, it’s time to observe cautiously. If it breaks below on the daily chart, it’s time to stop out. So, theoretically, the stop-loss range for right-side positions is roughly around -10%. You definitely don’t wait until it’s -25% or more to make a decision. Of course, if BTC oscillates around the STH-RP, moving up and down, we might get worn out by the back-and-forth — this depends on how you interpret it. In my view, wear and tear in trading is normal, and I’d even say it’s necessary. Because I don’t want to avoid wear and tear at the cost of potentially missing out on a major trend." #BTC #Crypto #Trading