Risking 0.5-1%-2% is fine here. If we quickly go back above the green line on chart, we can expect a sizeable move to the upside. This could be a nice stop hunting decline for sure.
Then we could aim higher:
For long term holders, a BTC position of 25 to 80% of your BTC trading account is fine, with no stops.
Leveraged positions, are more dangerous, so hold stops at entry, and close 50% or close the whole thing now.
We had a 24 rmb drop while we held, so realized risk/reward was 10.375:1 so far.
Vs the stop, 2.5:1.
Closing it isn't bad now, closing half is ok.
Terrific, holding the remaining position with break even stops.