Example of setting a price using a trailing stop when buying Bitcoin.

Trying to buy Bitcoin cheaper

Current initial price - 93582

Trailing stop - 93611

The price decreased, then began to reverse and hit the trailing stop, which by that time had moved to the level of 93578

At the level of 93578, we set a market order.

The market order slips, executing at 93634 - meaning we buy at a higher price than the entry point.

This may happen because the price has already reversed and is going in the opposite direction. And if the market order had been set immediately, the price would have been better.

The price also depends on how steep the candle is. If it is quickly going down, then the trailing stop will drop significantly further and we will buy cheaper.