@ClearSkies71 on BTCUSD | PriceONN Community

I'm trying to understand how to best set my stop loss. If BTC breaks past 73200, should I be worried about a significant pump? I've heard about stop loss hunting, and I don't want to get faked out. I'm currently holding a small long position from 72500, but I'm nervous about the volatility. I'm thinking of setting my SL around 72000, but is that too tight? Is there a good way to factor in the Bollinger Bands to determine a safe stop loss level? Any advice for a beginner would be great. Thanks!