How does the concept of sell stop differ from sell limit in the world of digital currencies?

1 answers

• KavinKOct 17, 2024 · a year ago
  Sell stop and sell limit are terms commonly used in the world of digital currencies. Sell stop is an order placed to sell a digital currency when its price drops to a specified level or below. This type of order is often used by traders to limit potential losses in a declining market. On the other hand, sell limit is an order placed to sell a digital currency when its price rises to a specified level or above. This type of order is used by traders to secure profits by selling at a predetermined price or higher. Both sell stop and sell limit orders are important tools for managing risk and maximizing returns in the volatile world of digital currencies.
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