BINANCE:BTCUSDT.P   Bitcoin / TetherUS PERPETUAL CONTRACT
Don't trade it like a trend. The high is around €16k ($18'980).
I believe it's likely to break bellow. A retracement is overdue.
The technique I use is to place a stop loss 1 tick ($0.01 in this case)
above (short) or below (long) the daily high and low.
I use position sizing to limit my risk to at most 1.5% of my trading account.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.