What is the meaning of 'resting order' in the context of cryptocurrency trading?

3 answers

• Nov 26, 2021 · 3 years ago
  A 'resting order' in cryptocurrency trading refers to an order that is placed on an exchange but is not immediately executed. It remains on the order book until a matching order is found. The purpose of a resting order is to allow traders to set specific price levels at which they want to buy or sell cryptocurrencies. When the market reaches the specified price, the resting order is triggered and executed. This allows traders to automate their trading strategies and take advantage of price movements without constantly monitoring the market.
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• Nov 26, 2021 · 3 years ago
  Resting orders are like a 'set it and forget it' approach to trading. You can place an order at a specific price and wait for the market to reach that price. It's a way to take advantage of potential price movements without having to actively monitor the market. Once the market reaches your specified price, the order is executed. Resting orders are commonly used by traders who want to buy or sell at a specific price level and are willing to wait for the market to come to them.
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• Nov 26, 2021 · 3 years ago
  Resting orders are an essential tool for traders in the cryptocurrency market. They allow traders to set their desired buy or sell prices and wait for the market to reach those levels. This helps traders to avoid emotional decision-making and take advantage of market opportunities. Resting orders can be particularly useful in volatile markets, where prices can change rapidly. By using resting orders, traders can ensure that they don't miss out on potential profits or get caught in unfavorable price movements.
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