📈 🎴 AVOID BUYING AT ROUND NUMBERS 🎯
This post is quite technical but essential for understanding the market better. Read it carefully and revisit it if needed. 📚🔍
📈 Many of you likely use "Limit" orders to buy or sell your cryptos. For those unfamiliar, "Limit" orders let you buy or sell automatically at a specified price. For instance, if you want to sell 1 BTC at $68,500, you set a Limit sell order at $68,500, and it will sell your BTC once that price is reached. 💰⚙️
However, you should never place Limit orders at round numbers like $70,000, $75,000, or even $75,500. These levels are key psychological points where many others also place their orders, leading to a crowded field. This makes it harder for your order to be filled due to the large number of competing orders. 💡🔢📊
✏ For example, if there are 1,000 BTC for sale at $70,000, all these orders need to be filled before yours. But 1,000 BTC is a significant amount, and it's unlikely that there will be enough buyers at this level. If you place your order at $69,999 instead, it won't change much for you, but it will be less crowded, increasing the chance of your order being filled. 🌊
🖌 If you have questions, feel free to ask in the comments. 💬❓
🖍 These are my personal views. 🗣️ Thank you for reading. If you found it helpful, please like, comment, share, and subscribe. It helps me a lot.
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BTC: 69,749.7 (-0.31%) ETH: 3,817.91 (+2.15%) SOL: 176.82 (-1.9%)
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content.
