@ghose12, if price goes above 11200$ trade is closed so u can safely buy bitcoin.(for now)
Zakir-Ahmed
⋅
@ProFapper, u mean i have to wait if it reaches 11200 and then after confirming it will go up and enter market..am i right..
ProFapper
⋅
@ghose12, yeah exactly.
Zakir-Ahmed
⋅
@ProFapper, which option i can use for stop loss..i trade on bitfinex..i can see i have stop option here..it is one i have to use...
Zakir-Ahmed
⋅
@ghose12, thanks for commenting
ProFapper
⋅
@ghose12, on bitfinex there is 2 kind of stop losses one is stop and other one is stop limit. stop limit is kinda complicated so u can use stop for stop losses. When shorting, after selecting stop option enter a price above market price (which is 11200 for us). and simply click the buy button. If prices comes 11200 u will automaticly buy btc at that price.