📘 #OrderTypes101 on Binance | Trade Smarter, Not Harder 💹
Whether you're HODLing or scalping, understanding order types is key to navigating the Binance exchange like a pro. Here's the basics:
1️⃣ Market Order
📌 “Execute immediately at current market price”
✅ Fastest execution
❌ Less control over final price
➡️ Best for: Quick entry/exit in volatile markets
2️⃣ Limit Order
📌 “Buy/Sell only at your chosen price”
✅ Price control
❌ Might not fill if price isn’t reached
➡️ Best for: Strategic entries/exits
🧠 On Binance: Just set your price and quantity — the order stays open until it’s filled or canceled.
3️⃣ Stop-Limit Order
📌 “Activate a limit order when a trigger price is hit”
✅ Control + risk management
❌ Can miss sharp price swings if limit isn’t hit
➡️ Best for: Setting stop-losses or breakout entries
🛠 Example:
Stop = $30,000
Limit = $29,800
→ If BTC hits $30K, sell at $29.8K or better.
🔐 Pro Tip: Binance also offers OCO (One Cancels the Other) orders — combine stop + limit in one!
Ready to take control of your trades? 🚀
