The chart showed one price. Your fill had other plans.
Slippage is the gap between the price you expected and the price your order actually got. A thin order book or a fast-moving market can turn a simple screenshot into a very different average execution price.
It can work for or against you. A limit order controls the price you accept, but it does not guarantee a fill.
Before chasing a candle, ask how much liquidity sits behind it. The chart is a picture; execution is the bill.
Source: Binance Academy, “Slippage”.
Slippage is the gap between the price you expected and the price your order actually got. A thin order book or a fast-moving market can turn a simple screenshot into a very different average execution price.
It can work for or against you. A limit order controls the price you accept, but it does not guarantee a fill.
Before chasing a candle, ask how much liquidity sits behind it. The chart is a picture; execution is the bill.
Source: Binance Academy, “Slippage”.