How do crypto OCO orders work?
Could you elaborate on the mechanics of crypto One-Cancels-Other orders, also known as OCO orders? As a crypto investor, I'm particularly interested in understanding how this strategy works and its potential applications. When should an OCO order be utilized? Are there any risks involved in deploying this order type? I'd also like to know how to properly set up an OCO order and monitor its progress once it's been executed. Your insights would be invaluable in helping me navigate the complex world of cryptocurrency trading.