How can I use stop market and stop limit orders on KuCoin to manage my cryptocurrency investments?

1 answers

• Leenaadevi JanagarajanDec 11, 2024 · 7 months ago
  Of course! Stop market and stop limit orders are essential tools for managing your cryptocurrency investments on KuCoin. A stop market order enables you to set a trigger price, and once that price is reached, your order will be executed as a market order. This means that your order will be filled at the best available price in the market. On the other hand, a stop limit order allows you to set a trigger price and a limit price. When the trigger price is reached, your order will be placed as a limit order with the specified limit price. If the market price does not reach your limit price, your order will not be executed. These order types can be incredibly useful for managing your investment strategy and minimizing potential losses on KuCoin.
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