BAND has broken a long term resistance area on the 6H chart which is now acting as support. Putting a stop loss right under that area should that support line break is a smart move in my opinion.
Aim for at least 1:1 RISK/REWARD
I am not your financial advice. No matter how accurate something can be I always suggest that you do your own research and use your own risk management strategy. Use the above numbers as suggestions and not a rule.