Tien Ngo Xuan SDC11Dec 31, 2021 · 3 years ago2 answers Is it possible to set both a stop loss and limit sell simultaneously for a cryptocurrency?
I'm new to cryptocurrency trading and I'm wondering if it's possible to set both a stop loss and limit sell order at the same time for a specific cryptocurrency. Can I protect my investment by setting a stop loss to automatically sell if the price drops too much, while also setting a limit sell order to sell if the price reaches a certain high point? How does this work and is it a common practice in cryptocurrency trading?