Dude, explain something to me, if I set a stop loss how long does it last? Is it indefinite? Like, I bought at 50 and I set a sell order when it reaches 100, does the order stay there??
Brazucacoin
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Bullish
Brazuca, I bought altcoin and I'm afraid that bitcoin will correct and I'll lose a lot, calm down grasshopper, take a deep breath and follow me. first thing you will select the currency you bought and press sell, second step, you will change the sell order you use, be it limit or market order, you select the OCO order, In the OCO order, the first space to be filled will be the limit, for how much you want to sell the currency, in the two fields below it will be your stop loss, it will be the price up to which you will hold if it falls, I gave an example: I bought bitcoin at 67k, so I put the sale at 90k and the stop losses at 67k, that's it, now I can sleep peacefully, in other words, anyone loses money, if you bought and went up, put the stop loss at the price you bought, in the worst case scenario you will still get all your money back and if the currency reaches the value you wanted and you don't see it, the order will automatically sell at the value you placed above the limit. #Brazuca #BRAZUCACOIN #Binance $BTC
Disclaimer: Includes third-party opinions. No advice. Binance AI may be used without guarantee.See T&Cs.
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