I think the OP is finding it difficult where to place a stop loss, a stop should be placed well above resistance zone when selling and well below support zone, cryptocurrencies are very volatile and move with momentum stop loss can easily be hit if not place far above or below those zones, some forum members discouraged the use of stop loss which I totally disagreed, money management will take care of the risk and reward ratio and ability to screen potential trades that really worth a good risk to reward is so important, truly a 4% to 8% isn't bad with compounding and consistent profits its gonna be huge amount in the long run.
Those that do not use a stop loss are just asking for trouble, a stop loss is without a doubt one of the most important components of a strategy, why? Because it is going to save you from the bad trades that you make, anyone that thinks that he's going to be able to predict the market with a 100% accuracy doesn't really know what he's doing and his expectations are out of line.
We are going to make mistakes when we trade, we are going to be unable to read the market correctly all the time so we need to have something that save us when we make those mistakes and a stop loss is the only way to do this, and this is even more true when you are using leverage because any movement in the market could be enough to destroy your capital in a matter of minutes if you're not careful.