I am new to trading in general. I am only trading Eth so I can get comfortable. I have put half in to my first buy and set a buy for the other half at a lower point. Again new to this so I have made 3 successful trades using this and it hasn't hit my lower buy ins yet. Also I always set a limit sell at around the base, but I continue to watch it to see if I should adjust it up or down. The base is a likely spot it will get but it could be strong and go higher or it could be weak and not quite hit it. I would start watching Eth it's guaranteed to hit its base or go past it (at least it has for me so far).
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Yes, Eth is pretty much guaranteed to hits its bases - even if it takes a while. However at some point one might want to trade other cryptos than Eth, and then you need to know when to cut your losses, and how to go around doing this if your account is not big enough to keep accumulating more as it keeps dropping.
I am still waiting to get in to your slack. Never hear anything Luc. I have applied more than once.