Digital currency fluctuates drastically. Through planning commissions and stop-loss and stop-loss, the risk and profit space can be precisely controlled. The profit can be closed in time to avoid market fluctuations and profit taking; stop-loss is to limit the loss to what you can bear Within range.
Trigger price: When the "latest price" reaches the set "trigger price", the "planned commission" order will be triggered to complete the order placement.
Order price: After the "planned order" order is triggered, the order will be placed at the order price.
Quantity: "Order quantity" after the trigger.
How to use the plan commission?
Planned order refers to the pre-set "trigger price", "trust price" and "order quantity".
When the latest price reaches the trigger price, the order will be placed at the commission price to help you preserve profits or reduce losses.
1. Multi-order stop profit and stop loss
Multi-order take profit
Purpose: To prevent the price from rising to falling after reaching the target position
For example: buy 9000 USD to buy long, 10000 is an important resistance level, the upward trend may end, set 10000 as the trigger price, and set the commission price as 9950.
When the latest transaction price is greater than or equal to the trigger price of $10,000, the commission price is triggered; the system sells at a limit price of $9,950, and the multiple orders are profitable. The final transaction price is subject to the actual transaction price.
Set reminder: the trigger price is higher than the current latest transaction price, and the commission price is lower than the trigger price.
Multiple stop loss
Purpose: To prevent losses, prices continue to fall
For example, if you buy long at $8750, 8450 is an important support level. If you break below this level, there may be a greater decline. Set 8450 as the trigger price and set the commission price to 8400.
When the latest transaction price is less than or equal to the trigger price of US$8,450, the commission price is triggered; the system sells at a limit price of US$8,400, and multiple orders stop loss. The final transaction price is subject to the actual transaction price.
Set reminder: the trigger price is lower than the current latest transaction price, and the commission price is lower than the trigger price.