Are there any specific cryptocurrencies that are more suitable for limit if touched orders?

3 answers

• PrayagJul 12, 2020 · 5 years ago
  When it comes to using limit if touched orders in cryptocurrency trading, there are a few specific cryptocurrencies that are worth considering. One such cryptocurrency is Ethereum (ETH), which is known for its high liquidity and active trading volume. Another cryptocurrency that is often recommended for limit if touched orders is Bitcoin (BTC), the largest and most well-known cryptocurrency. These cryptocurrencies have a strong market presence and are generally considered to be more suitable for this type of order due to their stability and widespread adoption.
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• Kavin GamageJul 28, 2020 · 5 years ago
  If you're looking for cryptocurrencies that are more suitable for limit if touched orders, you might want to consider altcoins with high trading volumes and liquidity. Some examples include Ripple (XRP), Litecoin (LTC), and Bitcoin Cash (BCH). These cryptocurrencies have a relatively stable market and are commonly traded with limit if touched orders. However, it's important to note that the suitability of a cryptocurrency for this type of order may vary depending on market conditions and individual trading strategies.
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• AnukaOct 16, 2023 · 2 years ago
  BYDFi, a popular cryptocurrency exchange, recommends using limit if touched orders for certain cryptocurrencies. According to their analysis, cryptocurrencies like Ethereum (ETH), Bitcoin (BTC), and Ripple (XRP) have shown better performance with this type of order. However, it's important to do your own research and consider factors such as market volatility and liquidity before making any trading decisions. Remember, the cryptocurrency market is highly volatile and can be unpredictable, so it's always a good idea to consult with a financial advisor or do thorough research before engaging in any trading activities.
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