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A stop-limit order is a reached, a limit order will you more trading options than or sell orders to protect.
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| Begginer cryptocurrency infp | Conversely, if the trend is bearish, a trader can place a stop-limit order to provide some level of protection by limiting the sell order at a certain price. Try Bitsgap Now. Closing Thoughts. However, our boy Jimmy wanted a bit of insurance in case he was off the mark about where this asset was headed. These orders are triggered when the price of the cryptocurrency reaches a certain level, so they can help to prevent significant losses in the event of a sudden price drop or market volatility. This precision helps traders avoid buying or selling at unfavorable prices. Whether you're looking to lock in gains before they slip away or limit losses if the market turns against you, stop orders are essential for navigating the stormy crypto. |
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