What does 'getting gapped' mean in the world of cryptocurrency trading?

3 answers

• Dec 18, 2021 · 3 years ago
  When we talk about 'getting gapped' in cryptocurrency trading, it refers to a situation where the price of a cryptocurrency jumps significantly without any trades occurring in between. This creates a gap on the price chart, and traders who were not able to react quickly enough may miss out on potential profits or incur losses. Getting gapped can be quite frustrating for traders, as it can happen due to various reasons such as news events, market manipulation, or technical glitches. To mitigate the impact of getting gapped, traders often use stop-loss orders and limit orders to automatically execute trades at predetermined price levels.
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• Dec 18, 2021 · 3 years ago
  Ah, 'getting gapped' in the crypto world! It's like when you're running late for a party, and suddenly everyone else arrives before you, leaving you alone. In cryptocurrency trading, it means that the price of a coin suddenly jumps or drops significantly without any trades happening in between. This can catch traders off guard and mess up their strategies. It's like a surprise party, but not the fun kind. To avoid getting gapped, traders need to stay updated with the latest news and market trends, and be ready to react quickly to sudden price movements.
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• Dec 18, 2021 · 3 years ago
  Getting gapped in cryptocurrency trading can be a real pain. It's like missing out on a great opportunity because you were too slow to react. But hey, that's where BYDFi comes in! With BYDFi, you can set up automated trading strategies that can help you stay ahead of the game. Our advanced algorithms can detect potential gaps and execute trades on your behalf, ensuring that you don't miss out on any profitable opportunities. So, if you're tired of getting gapped, give BYDFi a try and take your trading to the next level!
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