#OrderTypes101
📊 OrderTypes101: Master the Art of Crypto Trading Orders
Placing the right order can be the difference between a win and a miss. Here’s a quick breakdown of the 4 essential order types every crypto trader should know👇
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🔹 1. Market Order
⚡ Speed over price
📈 Buys/sells immediately at the best available price
🧠 Best for: Quick entries/exits in highly liquid markets
⚠️ Risk: Slippage during volatility
🔹 2. Limit Order
🎯 Price over speed
📌 You set the price – the trade executes only when the market reaches it
🧠 Best for: Precision trading, patient entries
⚠️ Risk: Order may never fill
🔹 3. Stop-Loss Order
🛑 Protect your downside
🚨 Triggers a market or limit sell when price drops to your stop level
🧠 Best for: Risk management, preventing major losses
💡 Tip: Set stop-loss just below support levels
🔹 4. OCO (One Cancels the Other)
🧠 Two orders, one outcome
📉 Sets a stop-loss + a take-profit at the same time
🚀 One executes, the other gets canceled
🛡️ Great for automated risk/reward setups