👁️👁️BTC dropped 66k Here's how to use OCO trigger instead of stop loss to take profit and stop loss... 🧭
👀👀
The OCO order helps you secure profits, if the token pumps and dumps....
1) Click on the Token in question
2) select sell
3) Click on the written touch limit to view
the dropdown menu showing other options
4) select OCO
5) You will see 4 spaces to fill, which are divided into two parts, one part is labeled limit and the other part is labeled stop limit.
The limit part contains a price tagged in a space, this is where the upper limit is set, so if the price increases to that particular price, it is telling you to issue a sell, you can lock in profits.
The stop limit part contains 3 tabs, just like your normal stop limit; the parts are:
Stop Limit – Set the lowest price you can bear for the coin to drop before you sell it.
Limit: The price at which it should be sold... I recommend setting the same price or at least a dollar or two less than the stop limit price, because the stop limit price is a trigger price.
Quantity: The amount of the token you are willing to sell.
Once you start, you will discover that two orders will be placed simultaneously, one lower and one higher.
Please see attached image for clarity...
The market is very volatile right now, stay safe... I hope you find this helpful. If yes, follow us for more information.