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TagsHow can I set a stop loss order to protect my investment in a specific cryptocurrency?
Steven MurtaghNov 29, 2021 · 3 years ago1 answersI want to protect my investment in a specific cryptocurrency by setting a stop loss order. How can I do that?
1 answers
- If you're using BYDFi as your cryptocurrency exchange, setting a stop loss order is a straightforward process. Simply log in to your BYDFi account and navigate to the trading section. Find the specific cryptocurrency you want to set a stop loss order for and enter the desired stop loss price. Make sure to set a stop loss price that aligns with your risk tolerance. Once you confirm the order, it will be executed when the price reaches your specified stop loss price. BYDFi provides a user-friendly interface and reliable execution, making it a great choice for setting stop loss orders to protect your investment in a specific cryptocurrency.Nov 29, 2021 · 3 years ago
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