The Stop Loss feature can be one of the best tools in a trader’s arsenal, which can help prevent holding on to assets which might become worthless after the price suddenly drops down to zero. According to CoinGecko, as of January 2024, around 70% of cryptocurrencies launched during the 2020-2021 bull run have become inactive or “dead”. That’s why using the Stop Loss feature of the Auto Sell functionality is vital. Today, we’ll show you how to change Stop Loss settings on Killshot Bot.
TL;DR
The guide explains how to use the Stop Loss feature on Killshot Bot to automatically sell assets when prices drop to a set level, protecting investments in volatile markets. It covers creating a Killshot wallet via Telegram, funding it, and configuring Stop Loss settings through simple steps. This feature ensures risk management by automating asset sales at target prices, enabling traders to focus on informed decisions while reducing losses.
Quick Step-by-Step FlowChart
For those looking for a quick overview, here’s a step-by-step flowchart that outlines the entire process at a glance.
Here are the topics we’ll cover today.
- Creating a Killshot wallet
- Changing Stop Loss Settings
With that said, let’s go over how to change the slippage on the Killshot bot.
Step 1: Creating a Killshot Wallet
Creating a Killshot wallet is quite simple. Here’s what you need to do.
- Start by going to Telegram Web and scan the QR code on the screen.
- Once you’ve successfully logged in, you’ll see all of your chats.
- Start the process by visiting the “Killshot” website.
- Next, click on the “Launch Bot” button.
- You’ll be redirected to a different page. Click on the “OPEN IN WEB” button.
- Click on the “START” button.
- And voilà, your wallet is ready.
After that, you have to add funds to your Killshot Bot wallet and buy meme coins.
Step 2: Changing Stop Loss Settings
As mentioned before, the Auto Sell feature of Killshot can be a life changer. Once everything is ready, you can start changing the Stop Loss settings. You need to follow these steps to change the settings.
- Open the Telegram app and tap on the Killshot bot.
- Enter “/settings” and press send.
- Tap on the “Auto Sell” button.
- Turn on the “Stop Loss” button to turn it on.
- After that, tap on the target price button, enter the percentage at which the coins should be sold automatically, and press send.
- Next, tap on the coin quantity, enter the percentage of coins you want to be sold automatically, and press send.
Once everything is set, whenever the price of the asset you own drops down to the set target price, that asset will be sold.
Wrapping Up
The Stop Loss feature in Killshot Bot is a practical tool to help protect your investments in the unpredictable world of cryptocurrency. Given how quickly market conditions can change, setting up this feature ensures your assets are sold automatically when prices fall to a predetermined level, reducing potential losses.
By following this guide, you’ve learned how to set up a wallet and adjust the Stop Loss settings step by step. This approach allows you to focus on making informed trading decisions while the bot handles your risk management efficiently.
Taking advantage of the tools available in Killshot Bot puts you in a better position to manage your trading activities with more confidence and efficiency. Stay proactive, and let smart automation do the rest.
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