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 BTC/USD CryptoCurrency Order Mean?
A Sell Stop Bitcoin 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 open sell below the existing market btcusd crypto prices.
Sell Stop BTC/USD Crypto Order
In the examples shown below a sell stop btcusd crypto order was placed to open 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, & afterwards the btcusd crypto price continued to move downward.
Opening 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 is 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 like is shown below so that as if there a bitcoin price break out downward 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 signal was generated from the above sell stop btcusd crypto order when the bitcoin price broke a support zone in the first example illustration & 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 BTC/USD Crypto Order Mean?
Sell Limit BTC/USD Crypto Order definition - Entry sell limit bitcoin order is an order to sell a cryptocurrency at a certain bitcoin price which is a pull-back area where bitcoin price is predicted to retrace to before it resumes original Bitcoin trend.
Traders use sell limit bitcoin cryptocurrency orders to open sell at better market bitcoin price. These types of sell limit bitcoin crypto orders are available in most online platforms, for our example we will be using the MT4 btcusd crypto platform.
An entry sell limit bitcoin order of this type can be used to open sell above the btcusd cryptocurrency market level (retracement retracement in a downwards btcusd crypto trend Crypto market).
Sell limit - When selling, your entry sell limit bitcoin cryptocurrency order is executed when the btcusd cryptocurrency market rises to your set bitcoin crypto price. ( pulls back upward )
Entry orders are set by bitcoin traders when they expect bitcoin price to pull back downward after reaching this level.
- Entry Sell Limit BTC/USD Crypto Ordersell at a level above the prevailing market level.
Sell Limit BTC/USD Crypto Order
In the example shown 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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