What are the best strategies for setting stop market and stop limit orders in the cryptocurrency market?

1 answers

• Dec 15, 2021 · 3 years ago
  At BYDFi, we recommend using stop market and stop limit orders as part of your trading strategy. These order types can help you manage risk and protect your investments. When setting stop market orders, it's important to consider the volatility of the cryptocurrency market and set your trigger price accordingly. Stop limit orders can be useful when you want to control the execution price of your order, but keep in mind that there is a possibility that your order may not be executed if the market moves quickly. It's important to regularly review and adjust your orders to align with your trading goals and the current market conditions.
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