Ethereum: Find stops and stop losses with the exchange

As an Ethereum user, you probably know that market fluctuations can be unpredictable and volatile. A sudden drop in price can lead to significant losses, so it is important to automatically have a plan for selling your coins. In this article we will examine the top exchange where you can set up stop-loss functions to ensure that your assets are protected from a further decline.

What is stop loss?

Stop loss, also referred to as a limit, is an automated purchase or sales order that automatically sells or buys security when it reaches a certain price level. This function helps to prevent significant losses by restricting the potential loss of a trade if the prices change against you.

Where should stop set up and stopped in Ethereum

While there are no stock exchanges that offer integrated stop-loss functions, many platforms offer options for setting up automated orders using services or APIs from third-party providers. We found the following:

• Binance : Binance offers a function called “Position limit order”, with which you can set up automatic sales orders (stop loss) when your position reaches a certain threshold.

• Kraken : Kraken offers an “Order Management System” with which you can create custom stop-loss orders for your trades.

• Huobi : Huobi offers a function “position limit order”, with which you can set up automated sales orders (stop loss) when your position reaches a certain threshold.

Other options

In addition to the stock exchanges mentioned above, there are also some third-party services that users can use to automate their stop-loss orders. This includes:

* COINDESKSSS STOP-LOSS-calculator : With this tool you can enter your Ethereum portfolio and calculate the optimal stop-loss values ​​for each coin.

* The Stopless tool from Tradingview : This tool offers a number of integrated functions, including stop-loss orders that can be set up with a custom API.

Diploma

There are no stock exchanges that offer integrated stop-loss functions, but it is important to take alternative options into account. By setting up automated stop-loss orders via the services or APIs of third-party providers, you can protect your Ethereum portfolio from further declines for market fluctuations. Always think of the potential risks and rewards connected to the stop-loss trading.

Liability exclusion

This article only serves for information purposes and should not be regarded as investment advice. Trading cryptocurrencies harbors inherent risks, and it is important to thoroughly research a service or platform before using it.

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