๐ Oneโพ๏ธFinity Day 6 - Limit Orders with Stop Loss
Stop Loss has now been added to our Limit Order tool, opening up a new world of on-chain trading possibilities for our community!
๐: https://swap.onedex.app/limitorder
Hereโs the breakdown of the latest tool to hit the OneDex Platform in Mainnet:
๐ Now that this feature is activated, users will be able to place โbuyโ or โsellโ orders depending on where they see their best entry price.
๐ For instance, for a buy order, the user may wish to enter at a lower price, around a level of clear support, or even entering a trade once a level of clear resistance has been broken, with the potential for more upside in the trade.
๐ This will also be the case for a sell order.
๐ OneDex Stop Loss is triggered when the price behaves counter to the order that has been set by the user.
๐ Orders will always be executed at the best price by the bot. If the buy price is set for $0.10 and the price falls from $0.12 to $0.08, the buy order will be executed at the lower price. The difference will NOT be arbitraged by the OneDex Limit Order bot.
๐ These โSmart Ordersโ are similar to an โOCOโ (One cancels the other) order on centralized exchanges.
๐ This tool will be perfect for traders looking to ride the price action wave and potentially generate profits in a fully automated set of on-chain transactions.
โค๏ธ & RT
https://x.com/onedex_x/status/1710276645163077754?s=46&t=bTCxvkCn-sGVcbDR5_72Qg
Stop Loss has now been added to our Limit Order tool, opening up a new world of on-chain trading possibilities for our community!
๐: https://swap.onedex.app/limitorder
Hereโs the breakdown of the latest tool to hit the OneDex Platform in Mainnet:
๐ Now that this feature is activated, users will be able to place โbuyโ or โsellโ orders depending on where they see their best entry price.
๐ For instance, for a buy order, the user may wish to enter at a lower price, around a level of clear support, or even entering a trade once a level of clear resistance has been broken, with the potential for more upside in the trade.
๐ This will also be the case for a sell order.
๐ OneDex Stop Loss is triggered when the price behaves counter to the order that has been set by the user.
๐ Orders will always be executed at the best price by the bot. If the buy price is set for $0.10 and the price falls from $0.12 to $0.08, the buy order will be executed at the lower price. The difference will NOT be arbitraged by the OneDex Limit Order bot.
๐ These โSmart Ordersโ are similar to an โOCOโ (One cancels the other) order on centralized exchanges.
๐ This tool will be perfect for traders looking to ride the price action wave and potentially generate profits in a fully automated set of on-chain transactions.
โค๏ธ & RT
https://x.com/onedex_x/status/1710276645163077754?s=46&t=bTCxvkCn-sGVcbDR5_72Qg