Hi I am following bitcoin signals from a discord channel and in the video they mention that in conditional orders the trigger price should be almost the same as order price (but should be a bigger or a smaller number?
for example if order price is 23450, trigger price should be 23451 or 23459?
It doesn't matter what the order price is if the trigger price hasn't been reached. Suppose you put a buy order of BTC at 20000$ and put the trigger price at 23000$, in this conditional order, that order will be activated once the BTC price reaches 23000$ and will automatically place an order at 20000$. It's a useful tool if you are trading based on the support and resistance level of BTC or certain of its behavior in the upcoming days.