#OrderTypes101 Binancians, let’s dive into #OrderTypes101 for smarter crypto trading!

Here’s a breakdown:

Market Orders: Execute instantly at the current market price. Ideal for quick trades but risky in volatile markets due to slippage (e.g., buying BMT/USDT at $0.1002).Limit

Orders: Set a specific price to buy or sell. You control the rate (e.g., sell BMT at $0.1077), but execution isn’t guaranteed until the market hits your price.

Stop-Loss Orders: Trigger a sell when the price drops to a set level (e.g., $0.0974 for BMT) to limit losses. Perfect for risk management.

Take-Profit Orders: Automatically sell when the price hits your target (e.g., $0.11 for BMT) to lock in gains. Great for securing profits.

Use these strategically—combine stop-loss with take-profit for balanced trades. Happy trading! 🚀