What is “Buy stop order” in crypto?

Despite the known volatility and dynamism of the cryptocurrency market, there are still some unbreakable thresholds that traders can count on. One of them is buy-stop order.

The concept means that a trader can only start earning above a certain threshold. This threshold can be set by himself or by the market conditions. Also, the minimum investment entry can be made based on the interests of a group of traders, where they agree on terms on a private basis.

Such an approach is suitable for experienced investors, as it can be difficult to navigate thresholds.

Buy stop order in crypto: definition