Price Protection is a feature that protects manually placed orders from getting executed at bad prices due to price slippage. In a nutshell, this mechanism helps to avoid trades that may lead to significant losses.
The system monitors recent transactions and blocks manual order placement when the sell price is below the buy price. When that happens, the system shows the "Price Protection" error and cancels the order placement to prevent potential losses from the sell transaction.
Note
If your order got canceled due to the Price Protection, adjust its price level and try again.
What's Next
- Introduction to Manual Trading: Learn the essentials of manual trading on Bitsgap and discover how to take full control of your trading strategy.
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Explore the Technicals Section: Dive into advanced tools and insights for technical analysis to enhance your trading strategies on Bitsgap.
Need Assistance?
If you encounter any issues or have questions, don’t hesitate to contact the Bitsgap Customer Support Team.