Stop
A stop-market order is a placed standing order to sell or buy a coin if the price reaches a certain level.
It is meant to protect trader from loss if the market moves too far in the wrong direction.
Stop market order can be orders either to buy or sell, but no action takes place unless the price hits that trigger. When the price is reached, the stop order becomes a market order.
This order is often named Stop Loss order.
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Stop
A stop-market order is a placed standing order to sell or buy a coin if the price reaches a certain level.
It is meant to protect trader from loss if the market moves too far in the wrong direction.
Stop market order can be orders either to buy or sell, but no action takes place unless the price hits that trigger. When the price is reached, the stop order becomes a market order.
This order is often named Stop Loss order.
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