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Why was my target order on Binance cancelled?

avatarBhisma NaikNov 26, 2021 · 3 years ago3 answers

I placed a target order on Binance, but it was unexpectedly cancelled. Why did this happen and what can I do to prevent it in the future?

Why was my target order on Binance cancelled?

3 answers

  • avatarNov 26, 2021 · 3 years ago
    It can be frustrating when your target order on Binance gets cancelled. There are a few possible reasons for this. One common reason is that the price of the cryptocurrency you are trading may have moved too quickly, causing your target order to be triggered and immediately cancelled. Another reason could be that there was insufficient liquidity in the market at the time, making it difficult for your order to be executed. To prevent this in the future, you can consider setting a wider target range or using a market order instead of a target order.
  • avatarNov 26, 2021 · 3 years ago
    Hey there! So, your target order on Binance got cancelled, huh? Don't worry, it happens to the best of us. There could be a couple of reasons for this. Sometimes, the market can be really volatile and the price of the cryptocurrency you're trading might have fluctuated too much, causing your target order to be cancelled. Another possibility is that there simply wasn't enough trading activity at the time, making it hard for your order to be executed. To avoid this in the future, you might want to consider using a different order type or adjusting your target range.
  • avatarNov 26, 2021 · 3 years ago
    When it comes to target orders on Binance, there are a few factors that can lead to cancellation. One reason could be that the price of the cryptocurrency you're trading moved too quickly, causing your target order to be triggered and immediately cancelled. Another possibility is that there was insufficient liquidity in the market, making it difficult for your order to be executed. If you want to prevent this from happening again, you can try setting a wider target range or using a market order instead. Remember, it's important to stay updated with the market conditions and adjust your trading strategy accordingly.