Do you still use LIMIT and ALERT to enter or exit the spot market?
TRY OCO!
Yes,
#OCO!
WHATS OCO?
OCO means ORDER-CANCEL-ORDER; This is a system which allow you to set a TAKE-PROFIT and a STOP-LOSS in one single order. It is such that when one is triggered, the other is automatically cancelled.
Let's say you bought 1000 $ASTER at $0.3 with current price $0.31.
You are willing to TAKE PROFIT at $1 which equals $1k but can't afford to see the price go below $0.2.
You can create an OCO order as follows:
TP: $1
SL: $0.2
SL limit: 0.210
If the price of
#Aster goes to TP, the SL order is automatically cancelled. However, if the price goes down to SL, TP order is automatically cancelled. It's a WIN WIN.
The order just needs to be set once and you're done.
Let me know if you wanna try it today.
Have fun!
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