Cryptocurrencies are often incredibly volatile and can see massive price swings in a short time. This makes them ripe for bear traps. A bear trap is a situation where traders wrongly think a coin is about to reverse a downtrend. These events often result in significant losses. This guide will discuss crypto bear traps, how to identify them, and the risks involved in these situations. Introducing Crypto Bear Traps A bear trap happens when a trader buys assets, expecting the…
Tag: Stop Loss
What Are the Differences Between Stop-Loss Orders and Portfolio Stop Loss?
In a volatile market like crypto, investors always look for ways to protect their assets. In this market, just like any other, nobody wants to lose money. Consequently, it's essential to introduce a price floor for the value of your assets. These situations can benefit from stop-loss orders or portfolio stop losses. However, some people have trouble figuring out where they should set their prices. If you set them up too far away, you could lose a lot of money…
2 months ago 864
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Stop Loss or Stop Limit Order: Which Order to Use and When
Trading cryptos is not as easy as it sounds, and most people will tell you that. Even professionals require some handy tips to ensure they are profiting from the market. These tips include using order techniques to regulate the amount spent during trading. Using such tips, you can be sure to earn a living from trading or even become a crypto millionaire. Each executed trade requires at least two orders to be considered complete: the buy and sell orders. Other…
1 year ago 739
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What You Need To Know About Limit Orders in Crypto Trading
Cryptocurrency trading is not for the faint-hearted. Even those who have been at it for a while need some techniques to profit from digital currencies. Crypto trading features a variety of techniques, including limit orders. For many investors, limit orders are an essential part of crypto trading success. These orders make it easier for investors to control how much they spend or earn while trading. So, do you know about limit orders and how they can benefit you? This article…
2 years ago 976
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