#OrderTypes101
I bought BNB for $500, and it has now reached $600. You set a trailing stop with a $50 gap. If the price rises to $650, the stop automatically moves to $600. When the price drops to $600, it sells, realizing profits.
5. Advanced orders example:
With an OCO order, you can set two orders together:
✔️ A sell order to take profit at $650
✔️ A stop-loss order at $450
If one of the orders is executed, the other is automatically canceled.