Can you explain the process of placing a stop limit order on a cryptocurrency exchange?

1 answers

• Aireena Jel JariolMar 24, 2024 · a year ago
  When it comes to placing a stop limit order on a cryptocurrency exchange, it's important to understand the process. First, log in to your exchange account and navigate to the trading section. Select the cryptocurrency pair you want to trade and choose the 'stop limit' option from the order type dropdown menu. Enter the stop price, which is the price at which you want your order to be triggered. Set the limit price, which is the price at which you want your order to be executed. Specify the quantity of the cryptocurrency you want to buy or sell and click the 'place order' button. It's as simple as that!
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