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永远少年
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#OrderTypes101 Binancians, let’s dive into #OrderTypes101 for smarter crypto trading! Here’s a breakdown: Market Orders: Execute instantly at the current market price. Ideal for quick trades but risky in volatile markets due to slippage (e.g., buying BMT/USDT at $0.1002).Limit Orders: Set a specific price to buy or sell. You control the rate (e.g., sell BMT at $0.1077), but execution isn’t guaranteed until the market hits your price. Stop-Loss Orders: Trigger a sell when the price drops to a set level (e.g., $0.0974 for BMT) to limit losses. Perfect for risk management. Take-Profit Orders: Automatically sell when the price hits your target (e.g., $0.11 for BMT) to lock in gains. Great for securing profits. Use these strategically—combine stop-loss with take-profit for balanced trades. Happy trading! 🚀
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