Stop Buy and Stop Sell Orders

QUANTITY FIELD

Select Coin to trade

To purchase Exact amount of Coin enter amount.

If you want to purchase based on the available balance at the time of execution, click on the percentage next to coin.

PROMPT FIELD

Select Price Trigger Action to Send Order

Last – When the last trade is enables this order

Bid – When the bid is reach, it enables this order

Ask – When the ask is reach, it enables this order

Stop Price

Enter percentage amount from the current price that you would like to buy ABOVE the current price if you are using a STOP BUY order.

Enter percentage amount from the current price that you would like to sell BELOW the current price if you are using a STOP SELL order.

Stop Buy Order

Sends a buy order to the exchange, a level that is higher than the current price. Order is sent to the exchange when that higher price is reached.

When and Where to use Stop Buy Order

Stop Buy orders used to buy above resistance. Usually referred as buying a break- out. Stop Buy orders can also be used, when you have a short position and using the stop buy to liquidate your short position.

Stop Sell Order

Sends a buy order to the exchange, a level that is lower than the current price. Order is sent to the exchange when that lower price is reached.

When and where to use a Stop Sell Order

Stop Sell orders used to sell at a support level. Usually referred as selling as a stop loss, these orders are used to sell a long position. Stop orders can also be used to start a short position. Short position help traders make profits when a coin or stock is going down.

Author: Muunship Trading

Muunship is a Multi-Chart cryptocurrency trading platform that connects users to the major crypto exchanges. Orders are routed directly to the exchange from your device. Muunship is available as a desktop and an iOS Android appliction for mobile and tablets.

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