alphaevent

Many brothers hear about the “reverse order” but have not really understood it well; using it incorrectly can easily lead to losses when unexpected fluctuations occur. In fact, a reverse order simply means placing buy and sell orders simultaneously:

If the buy order is matched, the system will immediately activate the sell order at the predetermined price.

If the sell order is matched, the opposite will occur, and there will be a buy order accompanying it immediately.

When should one use a reverse order?

When you want to buy and then quickly close the position without wasting time on operations and to limit the risk of "getting hit".

It is advisable to operate on a PC to ensure the system remembers the precise price. On a phone, one has to manually input it, which is both slower and prone to errors.

It is most suitable when the chart is moving sideways or has a steady upward trend, without strong spikes in candles. At that time, it is advisable to set the sell price significantly lower than the buy price so that when the purchase is matched, the sale will also be matched immediately. If strong fluctuations are observed, it is advisable to stop trading immediately.

Some coins currently:

$KOGE : relatively stable, but the fee is high ~13.2u/66k due to not being able to x4 vol.

$ALEO , $AOP : often have sideways periods during the day, which can be watched for trading, with fees of only about 3.3u/66k if no bad fluctuations occur.

Advice:

The market is open 24/7, so there is no need to rush. Choose the right moment when the coin is moving sideways to enter an order; if fluctuations are seen, take a break. Patience will help limit risks and avoid "sweeping" away profits.