When should I use a stop limit order in cryptocurrency trading?

1 answers

• Jan 30, 2022 · 3 years ago
  At BYDFi, we recommend using a stop limit order in cryptocurrency trading when you want to protect your profits or limit your losses. It allows you to set a specific price at which you want to buy or sell a cryptocurrency, and helps you control the execution price. However, it's important to note that stop limit orders are not guaranteed to be executed, especially in fast-moving markets. Make sure to set your stop and limit prices carefully and consider the market conditions before placing a stop limit order.
  514257