📘#OrderTypes101 – Mastering the Basics of Crypto Orders 🧠💰
When trading crypto, understanding order types is key to better control and smarter decisions. Here are the essentials:
🔹 Market Order – Buy/Sell instantly at the current market price.📈
✅ Fast execution
⚠️ Might get a different price (slippage)
🔹 Limit Order – Set your price and wait.
📍 Only executes if the market hits your price
🧘 Patience required, but more control📊
🔹 Stop-Loss Order – Protect your capital.
🛑 Automatically sells if the price drops to a set level
🔐 Great for managing risk
🔹 Stop-Limit Order – Combo of stop-loss + limit
⚙️ Set a stop price and a limit price
🧠 More precision, but needs understanding
💡 Pro Tip:
Always choose the order type based on your strategy and market conditions.💡
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