#OrderTypes101 🔍 Do you know the different types of orders in cryptocurrency trading?

Mastering their use can make the difference between a good trade and an unexpected loss. Here I explain the most commonly used:

🟢 Market order: Executes at the current price. Ideal for entering or exiting quickly.

🟡 Limit order: You decide the price. Executes only if the market reaches that value. Perfect for more control.

🔴 Stop-loss: Protects your capital. Closes a trade automatically if the price goes against you.

🟣 Take-profit: Secures profits. Closes your position when a favorable price target is reached.

📈 When to use them?

⚡ Use market orders during times of high volatility.

🎯 Limit orders to buy cheap or sell high.

🛑💰 Stop-loss and take-profit to have a plan and avoid emotions.

💡 Remember: a disciplined trader always operates with a strategy.

⚠️ WARNING ⚠️

📌 This is a personal and subjective analysis from Crypto Analyst, it is not advice, and under no circumstances should it be taken as a signal to trade.

💡 Remember that the cryptocurrency market is very volatile and unpredictable, so trade cautiously and at your own risk.

🔎 Do your own research! (DYOR)

👤 By Crypto Analyst