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[ETH aiming for 5000???]
The lines drawn during the live broadcast.
It can't be said to be identical, but it can be said to be quite accurate!
However, the big bearish candlestick from last night caused significant losses for many group members who chased the market to go long. It's one thing to simply take a stop loss, as losses due to personal judgment errors can be tolerated, but many others suffered losses due to slippage on their stop losses.
I have provided a detailed introduction to the issue of slippage in my previous posts. If the stop-loss is set to market order, the order price will not be your actual transaction price. In last night's plunge, if the leverage is a bit high, the loss from slippage can account for more than ten percent of the principal!
The future market will definitely be bullish, and there will inevitably be many spike-like fluctuations. To avoid unnecessary losses due to slippage in taking profits and cutting losses, I recommend two useful features: [Guaranteed Take Profit and Stop Loss] and [Market Order Limit].
The features of 【Guaranteed Take Profit and Stop Loss】 and 【Market Order Limit】 were pioneered by @BitMart_zh. They have made many innovations in protecting against slippage, such as the slippage compensation which has been introduced before. Now they have made an upgrade because "when prices fluctuate rapidly, what users need most is not post-compensation, but a pre-defense mechanism." Therefore, they have upgraded the previous slippage mechanism once again.
[Guarantee Take Profit and Stop Loss]
When you have a position, you can choose to enable the two buttons [Ensure Take Profit and Stop Loss] when setting your take profit and stop loss. This way, regardless of how the market fluctuates, you will definitely take profit or stop loss at the set price without any slippage! This saves a significant amount of principal loss without you even realizing it!
Market Order Limit
When you open a position at market price, you can intelligently control the execution price range of the order by setting a maximum slippage threshold (e.g., 0.1%), avoiding slippage losses caused by severe market fluctuations, insufficient depth, or large positions!
Overall, the features of [Guaranteed Take Profit and Stop Loss] and [Market Order Limit] have minimized user losses caused by slippage to the greatest extent, reflecting BitMart and the boss @sheldonbitmart's extreme emphasis on protecting user assets.