Is 50 BTC can it cost the same as 1 BTC? It’s possible thanks to SkyRocket. Below we present how.
In the previous lesson, we discussed Step Stop Loss. A feature that is missing on many cryptocurrency exchanges, allowing you to achieve more profitable sales / purchase levels, thanks to the order that automatically moves along with the digital coin rate.
Today we will discuss another functionality on the SkyRocket platform that allows you to buy digital assets at a much better price than using the options available on the stock exchange.
Let’s take an example:
We are interested in buying BNB, whose current price is 0.0022200 BTC.
However, we want to buy them for 0.0020600 BTC, because we think that it will fall to this level. Of course, we can do it through a Limit order, but you have probably met many times that the price has fallen well below the purchase price you set. The cure for such situations is the tool available on our platform – SkyRocket Buy. His task is to protect Stop Loss Walking from a certain price and follow it to rebound by a designated percentage.
Returning to the example from BNB, the current price is 0.0022200 BTC, while we want to buy it for 0.0020600 BTC. So we set Activate at the level with this price.
Then fill the field Trailing, entering the percentage after the increase, necessary for the order to be issued Limitwhose height is entered below – in the field Limit.
All we have to do is give us how many digital coins we want to buy.
What do we gain from this tool?
if course BNB would drop during this time, e.g. to 0.0019000 BTC, the purchase would be at 0.0019570 BTC, which is 5% cheaper than without SkyRocket Buy. However, we can gain much more.
There are situations on the stock exchange that the price of a currency drops by several dozen percent in an instant and quickly returns to the level before the decline, this is the so-called Flash Crash. In such situations we always think: “if only I had the purchase order so low”. However, there are two problems associated with this. First of all, we do not know at what level to set the purchase (and here comes to the rescue SkyRocket Buy). The second problem is that we do not know on which digital coin to set up the purchase, and we have a limited amount of capital that we can block against placing orders.
With the tool we described today, you can set such an order on any number of coins with the same capital. The first Order that meets the conditions will be completed, while the rest will be canceled.
Example: we have 1 BTC and set the purchase to 50 different cryptocurrencies – each for 1 BTC. We will set Start Stop Loss Walking at a price 30% lower than the current one. Trying to play this way from the exchange interface we would need 50 BTC. 1 BTC is enough for SkyRocket.trade.
In addition, thanks to the orders shown in the chart, we have the ability to conveniently reposition positions in accordance with our assumptions.
In summary, a function SkyRocket Buy starts after reaching the price entered in the “Activate at the level” and will go down until the price increases by the percentage entered in the “Trailling” field. The purchase order will be issued at the price level specified in the “Limit” field.
Test for free at skyrocket.trade.
All you have to do is select the “register new account” option and enter your email address and password. Then click on the activation link that will come to the e-mail address given earlier and log in to the newly created account. You can learn more about the operation and use of the platform from the free SkyRocket service course available here: SkyRocket.
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