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Set Bitcoin Stop Loss at Support and Resistance Levels in Trades

A trader can use support & resistance zones on the chart to figure out where to place their stop loss cryptocurrency orders using the methods explained on the illustrations:

Setting Stop Loss Bitcoin Order using Resistance Zones

One technique for establishing cryptocurrency stop loss orders involves referencing existing resistance levels on bitcoin charts.

Stop-loss BTC/USD orders often cluster around key levels. When these resistance zones are tested by Bitcoin prices, a chain reaction of triggered orders typically follows.

Stop Losses tend to crowd just above the resistance levels.

A resistance area should stop the price of btcusd crypto from moving past it, so the resistance level is where you set stop loss orders.

If this resistance level is broken the bitcoin price movement can move towards the in the opposite market direction of the original btcusd trend, but if this resistance level isn't broken the bitcoin cryptocurrency price will continue going in intended direction.

Setting the Stop Loss Level for Bitcoin Trades Based on Identified Bitcoin Resistance Levels

Setting Stop Loss Levels for Bitcoin Orders Using Resistance Zones in Bitcoin

Setting Stop Loss Bitcoin Order above the Resistance Level

Setting StopLoss BTC/USD Crypto Order using Support Areas

Another way of setting stop loss crypto orders is to use support zones, on the bitcoin charts.

Because stop loss bitcoin orders tend to congregate at key points, when the bitcoin price reaches one of the support zones, other orders are triggered.

Stop loss orders tend to crowd just below the support zones.

A support zone should be like a barrier for bitcoin price movement, this is why these support zones are used to set stoplosses.

Break that support, and bitcoin flips against the trend. Hold the support zone, and price keeps its planned path.

Set Bitcoin Stop Loss Using Support Zones in BTCUSD

Stop Loss Bitcoin Order Level Setting using Support Zones in Bitcoin

Setting Stop Loss Bitcoin Order below the Support Level

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