#OrderTypes101

Understanding different order types is key to becoming a smarter crypto trader. The four main types—Market, Limit, Stop-Loss, and Take-Profit Orders—each serve unique purposes:

🔹 Market Order: Executes instantly at the best available price. Ideal for quick trades, especially in highly liquid markets.

🔹 Limit Order: Executes only at a specified price or better. Perfect when you want more control over your entry or exit point.

🔹 Stop-Loss Order: Automatically sells an asset when the price falls to a certain level, helping to minimize losses.

🔹 Take-Profit Order: Locks in profits by triggering a sale when your target price is reached.

✅ Pro tip: Use Stop-Loss and Take-Profit orders together for a balanced risk/reward strategy.

💬 My go-to? I prefer Limit Orders for strategic entries and exits.

Which order type do you use most? Share your insights with #OrderTypes101 and earn Binance points!