#OrderTypes101 A limit order lets you set the price you want to buy or sell. For example, if a coin(any) is trading at $0.10, but you want to buy at $0.08, you can place a limit buy order. It will execute only when the market hits your price.
🔹 Stop-Loss Order
This is for risk management. If you’re holding coin (any)and want to avoid a big loss, you can set a stop-loss at $0.07. If the price drops to that level, your order will automatically sell to limit your loss.
🔹 Take-Profit Order
The opposite of stop-loss. If you bought a coin at $0.08 and want to sell when it hits $0.12, you can place a take-profit order to lock in gains automatically.
🔹 OCO (One Cancels the Other)
This combines a stop-loss and take-profit in one smart setup. If coin hits one of the two targets, the other is canceled. Great for automated strategy-based trading.