How Do I Interpret a Sell Stop Order & Sell Limit Bitcoin Order
Bitcoin Trade a Sell Stop Order & Sell Limit Bitcoin Order
What is the Difference between Sell Limit Bitcoin Crypto Currency Order and sell Stop?
What Does Sell Stop BTCUSD Crypto Order Mean?
A Sell Stop Bitcoin Crypto Currency Order is an order to sell a cryptocurrency after the btcusd crypto price rises to the set sell stop btcusd crypto price level.
The sell stop btcusd crypto order is always set to sell below the existing market btcusd crypto prices.
Sell Stop BTC/USD Crypto Order
In the examples below a sell stop btcusd crypto order was placed to sell at a level below current market btcusd crypto price.
The bitcoin price of the crypto instrument then went down to hit the sell stop bitcoin order, & afterward btcusd crypto price continued to move downward.
Placing Sell Stop Crypto Order below Resistance Level - What's Sell Stop Crypto Order?
The sell stop bitcoin order is also used to set pending cryptocurrency order when there a consolidation chart pattern on a bitcoin chart. Sell stop order is used to set a sell btcusd crypto order just below the consolidation pattern as illustrated below so that if there a bitcoin crypto currency price break out downwards after the consolidation chart pattern then a new sell btcusd crypto order is opened - by the sell stop btcusd crypto order once the sell stop btcusd crypto price set is reached.
Sell Stop Bitcoin Order Definition & Bitcoin Example
A Sell trade was generated from the above sell stop btcusd crypto order when the bitcoin price broke a support zone in the first example & when there was a downwards bitcoin price breakout after a bitcoin market consolidation pattern on the second sell stop bitcoin order example.
What Does Sell Limit BTCUSD Crypto Order Mean?
Sell Limit BTCUSD Crypto Order definition - Entry sell limit bitcoin order is an order to sell a cryptocurrency at a certain bitcoin price which is a pullback area where bitcoin price is predicted to retrace to before it resumes original Bitcoin trend.
Traders use sell limit bitcoin crypto currency orders to sell at better market bitcoin crypto currency price. These types of sell limit bitcoin crypto currency orders are available in most online platforms, for our example we will be using the MT4 btcusd crypto platform.
An entry sell limit bitcoin crypto currency order of this type can be used to sell above the btcusd cryptocurrency market level (retracement pull-back in a downwards btcusd crypto trend Crypto market).
Sell limit - When selling, your entry sell limit bitcoin crypto currency order is executed when the btcusd cryptocurrency market rises to your set bitcoin crypto price. ( pulls back upward )
Entry orders are set by bitcoin crypto currency traders when they expect bitcoin crypto currency price to pullback downwards after reaching this level.
- Entry Sell Limit BTCUSD Crypto Ordersell at a level above the prevailing market level.
Sell Limit BTCUSD Crypto Order
In the example illustrated below a the sell limit bitcoin order was placed to sell at a bitcoin price above the prevailing market bitcoin price. This is the level for the btcusd crypto price pullback.
Sell Limit Crypto Order Placed to Sell above Current Cryptocurrency Price - What is Sell Limit Crypto Order?
Interpret Sell Stop Order & Sell Limit Bitcoin Order
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