How does a 'sale in order' work on Binance and what impact does it have on digital asset prices?

3 answers

• Fellipe BastosJan 02, 2024 · a year ago
  Sure! The 'sale in order' feature on Binance allows users to set a predetermined price at which they want to sell their digital assets. When the market price reaches this predetermined price, the order is automatically executed. This feature is useful for traders who want to take advantage of specific price levels without constantly monitoring the market. As for the impact on digital asset prices, the 'sale in order' feature can contribute to increased selling pressure when the predetermined price is reached, potentially leading to a temporary decrease in prices.
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• Md IrfanFeb 09, 2024 · a year ago
  The 'sale in order' feature on Binance is a handy tool for traders. It allows them to set a target selling price for their digital assets and have the order executed automatically when the market price reaches that level. This feature saves traders time and effort by eliminating the need to manually monitor the market and place orders. In terms of impact on digital asset prices, the 'sale in order' feature can contribute to increased selling activity when the predetermined price is hit, which may put downward pressure on prices.
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• Tusiime MercyJul 15, 2020 · 5 years ago
  The 'sale in order' feature on Binance is similar to a stop order. It allows users to set a specific price at which they want to sell their digital assets. When the market price reaches or surpasses this price, the order is triggered and executed. This feature is useful for traders who want to automate their selling strategy and take profits at predetermined levels. As for the impact on digital asset prices, it's important to note that the 'sale in order' feature itself doesn't directly influence prices. However, when a large number of 'sale in order' orders are triggered simultaneously, it can create selling pressure and potentially lead to a temporary drop in prices.
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