๐ Understanding Crypto Order Types
Market Order
Executes immediately at the current market price. Ideal for swift entry or exit, but may result in slippage during volatile periods.
Limit Order
Sets a specific price for buying or selling. The order executes only when the market reaches this price, offering control over execution but with no guarantee of fulfillment.
Stop-Limit Order
Combines a stop price and a limit price. Once the stop price is reached, a limit order is placed. This strategy helps manage risks by specifying acceptable price thresholds.
๐ Current Market Snapshot (June 6, 2025)
Bitcoin (BTC): Trading around $104,755, experiencing a 0.63% decrease over the past 24 hours. binance.com