Letit allows you to set a smart Stop loss, that sets not only the level of its activation, but also the percentage of loss that you may undergo if you hit the stop loss.
Let's take a look at the following example to study this option.
You want to buy a coin, assuming that it will grow and can be sold at a profit. But the crypto market is absolutely unpredictable and the price can either go up or down, or even sideways in a spiral. Of course, by now you already remember about Stop loss and set it on autopilot.
Let's assume that the price of the coin at the time of purchase is $10, and you want to place a stop so that you do not lose more than 4.5% of the deposit when selling.
Letit will automatically show the level at which such a stop should be placed. In this case, it will be at $9,955.
The level will change depending on how much of the funds you plan to spend on the purchase. In this case, it is assumed that you put all your money in one stock. (Which we strongly advise against doing!)