Stop Market Order is a trading feature that allows users to place an order that will be triggered once the market price reaches a specific stop price. After the stop price is reached, the order is executed as a market order, meaning it will be filled at the best available market price.
This feature can help traders manage risk and react automatically to market movements. For example, users may use a Stop Market Order to limit potential losses or secure a trading opportunity when the price moves in a certain direction. It is a practical tool for users who want more control over their trading strategy without having to monitor the market continuously.
Stay tuned for the official launch. Keep monitoring the Tokocrypto app and Tokocrypto’s social media channels for the latest updates.