Over 22,000 dormant ETH tokens wake up after four years and spark the curiosity of the community.
Generally, traders who would like to control their trading strategy better might consider using limit orders.A crypto limit order is an instruction to buy or sell a cryptocurrency only at a price specified by the trader. It is best suited for the trader who can patiently wait for a price target to be reached.Unlike market orders, crypto limit orders give more flexibility with the asset price and amount. They let traders set a minimum price and will only perform at that price or higher.
A good practice would be to set the limit price a little above the selling price or below the buying price of psychological levels. As others might use this tactic too, it's helpful to look at the order books to spot the prices that do not reflect many orders to have a better chance to execute it. Stop orders can be market or limit orders. A stop market order is based on the condition that a price hits a predefined target , and in that case, it executes immediately. Stop-limit orders are slightly more complex and require a further explanation that we are providing here.A crypto stop-limit order is an advanced order type. It's a combination of a stop order and a limit order, and it's used to minimize risk.
Similarly, let's imagine a stop price to sell Bitcoin is set at $50,000. This will be the price the sell order will trigger, and if the trader believes the price might move down considerably, he can set a minimum limit price of $49,500, which will be the lowest price the asset will be sold to avoid excessive losses.A stop-limit sell order helps traders define the minimum price they are willing to accept from a buyer.
For example, if traders want to sell a cryptocurrency and the trends scenario is bearish, meaning that the price seems to be moving down considerably, the stop price can be set at $50,000 and the loss at $49,500 to contain a loss.
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