A Stop Loss order is designed to limit an investor’s potential losses. If a Stop Loss order is set for 10% below the acquired price, then potential losses will be limited to 10%.
Whether you’re buying cryptocurrency as its price rises, or selling as its price declines, this feature limits potential losses during short term price fluctuations, especially when your position makes an unfavourable move during market volatility. It acts as a guardrail when you are not monitoring the market.
Watch this short clip on how to place your stop loss order
*Available for ETH/BTC, BTC/USDT & ETH/USDT
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