For a stop-loss order, should you choose a limit or market order? What’s the difference?
First, what it is: The trigger price for a trailing stop adjusts as the price moves in a favorable direction. An order is placed only when the price retraces by more than the set percentage.
Why use it: A conditional order lets you plan your exit in advance, helping you avoid panicking or clinging to wishful thinking when prices fluctuate sharply.
In light of current market conditions: $BTC Current price: 73810.51 (24h -0.029%).
Before placing an order, check the liquidation price. If it’s too close to the current price, reduce your position size.
First, what it is: The trigger price for a trailing stop adjusts as the price moves in a favorable direction. An order is placed only when the price retraces by more than the set percentage.
Why use it: A conditional order lets you plan your exit in advance, helping you avoid panicking or clinging to wishful thinking when prices fluctuate sharply.
In light of current market conditions: $BTC Current price: 73810.51 (24h -0.029%).
Before placing an order, check the liquidation price. If it’s too close to the current price, reduce your position size.