Is there a strategy for buying crypto on Binance when the price meets a specific threshold?

3 answers

• Diwakar ReddyNov 29, 2021 · 4 years ago
  Absolutely! When the price of a cryptocurrency on Binance meets a specific threshold, you can use limit orders to buy it at that price. This allows you to set a specific price at which you want to buy the cryptocurrency, and if the price reaches that level, your order will be executed. It's a great way to take advantage of price movements and ensure you buy at the desired price.
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• Rithik raiJun 04, 2022 · 4 years ago
  Yes, there is a strategy for buying crypto on Binance when the price meets a specific threshold. One approach is to set price alerts on Binance so that you are notified when the price of a cryptocurrency reaches your desired threshold. Once you receive the alert, you can manually place a market order or a limit order to buy the cryptocurrency at that price. It's important to note that market orders are executed immediately at the current market price, while limit orders are executed only when the price reaches the specified threshold.
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• Samuel YiJun 24, 2022 · 3 years ago
  Definitely! When the price of a cryptocurrency on Binance meets a specific threshold, you can take advantage of the BYDFi platform. BYDFi offers advanced trading features that allow you to set conditional orders based on price thresholds. You can set up a buy order with a specific threshold on BYDFi, and when the price reaches that level, your order will be automatically executed. It's a convenient and efficient way to buy crypto at your desired price on Binance.
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