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question about order types - is the following possible?

Binance

Cryptocoins Exchanges / Binance 219 Views

So, I'd like to achieve this: if the price is growing, I'd like to set a "profit taking" type of order which is executed not when the price reaches a set limit, but when it falls back to it. In other words, if the price keeps growing past the limit, the order stays open and unfulfilled but if later the price drops to the limit again, that's when I want to sell. To keep the way open for more growth but still take some profit if it then dips.

And contrarily, buy for a set price lower than the current market price but not the first time it's reached on a downtrend, but when it climbs back to it. So that I don't buy if the price keeps falling.

It would be kind of a reversed stop-limit. I don't see any order type with these functions on Binance, but is it maybe possible to somehow combine different orders to achieve this effect?

submitted by /u/sursumcz
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