#CryptoSecurity101 A stop-loss order is an instruction to sell an asset when the price reaches a stop-loss level or falls below it. Its main goal is to limit your losses in case the market moves against your position. Once the price reaches the stop-loss level, it converts to a market order and is executed at the current price. This method is particularly useful in high volatility conditions, where any short delay in closing the position can lead to significant losses.
A stop-limit order is a hybrid type that combines a stop price and a limit price. When the market reaches the stop level, a limit order to sell (or buy) the asset is placed, but it is executed only at the specified price or better. You can set a stop-limit order with a stop price at $95 and a limit price at $94. This means that when the price reaches $95, the limit order to sell at $94 is activated.
A range order is an advanced setup that involves three main orders: an entry order, a take profit order, and a stop-loss order. $PEPE
