How are you all, I hope you are all doing well, today I am going to share a very important tip for crypto trading, we see an option called OCO on various exchanges, what is the function of OCO feature? And how does it work? We will know all the details today,

We who do spot trading often buy a coin and then that coin slowly goes up even though we are in a good profit then that coin slowly goes down again even then we face huge losses,

When we are in profit then we cannot book that profit but we are suddenly a victim of huge losses due to market crash, so if you want you can solve your problem through this oco option and this option is called stoploss,

Image Victagy

So now there is Exchange stop Limit Fiture but here only you can use stop loss but you cannot use Profitbook but through oco fiture you can use two features if you want,

Through OCO you can book profit during profit and sell coin before loss if you want,
Suppose you bought a coin now you have done technical analysis of that coin, if it goes above this range the market can pump huge even there is a specific range If the market falls below the range, it can crash, so now if you want, you can place a sell order at a specific price through OCO, then when the market suddenly really pumps, then the coin will be sold at the price of your sell order, or suppose your guess is wrong and the market starts going down, if you are using stoploss, then you can save funds from the market with a very small loss,
In this you may lose some, but your funds will be saved a lot, now when the token goes down a lot, you can buy more tokens with the same fund,

Image collect Pixabay

---

In this, you can recover the amount of loss you suffered by entering this coin because we all know that after the market goes down, it definitely pumps, after the market pumps, it dumps and after the dump, it pumps, from today you can enjoy the OCO feature, I hope it will be available on every exchange, to get it you need First you have to go to any exchange's trade option then you will get the limit option. By clicking on the limit you will get the OCO feature. Moreover, you can search YouTube and Google to know more details. I hope this feature can be very useful for you. You can book your profit and you can save your funds from loss. So I am ending here today. May everyone be well, Allah-Hafez.