Open Order:

An open order is a trade request that has been placed but not yet executed.

Types of Open Orders: Includes limit orders, stop-limit orders, and other conditional orders that await matching with a buyer or seller.

Example: If you set a limit buy order to purchase Bitcoin at $30,000, it will remain an open order until the market price matches your specified price.

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Holdings:

Holdings represent the assets or cryptocurrencies you currently own in your Binance account.

Includes:

Spot Wallet Holdings: Cryptos available for immediate trade or withdrawal.

Locked Assets: Funds held in staking, savings, or other investment programs.

Asset Value: The total value of your holdings fluctuates with the market price.

Both terms are crucial for monitoring and managing your trades effectively.

#TradingTales #open #HoldOnTight