Based on proposed stop loss: You sell at 55500, if BTC goes down you can buy again at a lower price (more Bitcoin). If the Bearish phase suddenly changes to the bullish phase and BTC goes Up (Whereas you missed buying the lowest price) you can buy again at 55500.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.