#OrderTypes101 #OrderTypes101
Trading in crypto isn’t just about buying low and selling high—it’s also about using the right order types! Here are the basics you need to know:
🔸 Market Order – This executes instantly at the current market price. Fast, but sometimes you don’t get the price you expect.
🔸 Limit Order – You set your own price and the order waits until the market matches it. Perfect for planning your entries/exits.
🔸 Stop-Limit Order – Ideal for reducing losses. When the stop price hits, a limit order is placed.
🔸 OCO (One Cancels the Other) – This lets you place two orders at once. If one gets triggered, the other is canceled.
Using the right order type is key to managing risk and increasing profit. 🧠💹
Master them and level up your trading game like a pro! 🚀