A further benefit of limited entry that many traders often overlook! (THIS WILL HELP YOU TURN A PROFIT.)
Let me demonstrate this benefit of restricting entries if you haven't before.
Being able to respond to the market quickly is a key component of market entry advantage. The setups you build, even when you're not watching the market, will mostly determine how the trades are performed for limit entry. That is a very advantageous advantage, but the benefit we are discussing is the ability to avoid limit orders when entering. We view this as a benefit because, unlike market entry that are hit but will probably be rekt, limit orders that are not hit will never cause you mental harm. As a sensible man, I would rather not hit my entry than hit a losing entry with poorly managed risk and improper calculation. Thus, this is the main benefit of a limit order.
These posts are for educational purposes. To guide the people who might still be struggling within the crypto market, those who are new to the environment and volatility and everyone else who needs it.
Stay wise, trade cautiously.