#OrderTypes101 โ Master the Basics of Crypto Trading!
When trading on CEXs or DEXs, knowing your order types is ๐. Here are the essentials:
๐ข Market Order
๐ Buys or sells immediately at the best available price.
โก Fast, but not always the best price.
๐ก Limit Order
๐ Sets a specific price to buy/sell.
โณ Executes only when the market hits that price.
๐ Stop-Loss Order
๐ Automatically sells when the price drops to a set level.
๐ก๏ธ Protects you from major losses.
๐ต Take-Profit Order
๐ Automatically sells when the price rises to a target level.
๐ฐ Locks in gains before the market turns.
๐ฏ Knowing when and how to use these can level up your trading gameโbig time!
Which order do you use the most? Drop your thoughts ๐