Recently, I encountered a problem while trading ZEC. Even though I placed a limit order that hasn't been filled yet, it was canceled in the blink of an eye. Is this caused by market slippage or insufficient order book depth? Has anyone experienced this situation before? Sometimes, when the price fluctuates just a little, the buy order is immediately taken by a market order. I want to understand the specific reason behind this and whether there is any way to avoid it.
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MoodFollowsPrice
· 5h ago
The biggest annoyance with ZEC is its poor liquidity. Orders are quickly filled, which is common. It's recommended to try trading pairs with higher trading volume.
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StablecoinAnxiety
· 5h ago
Haha, ZEC is just like this, with a shallow market cap and no depth at all.
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Tokenomics911
· 5h ago
This is what liquidity shortage looks like. The ZEC market is indeed prone to being pushed. I usually place orders more loosely and don't stick too close to the price.
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GateUser-3824aa38
· 5h ago
Haha, this is the old trick in the crypto world. Coins with poor liquidity are just like this.
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ser_ngmi
· 5h ago
ZEC liquidity is indeed weak, I've been scammed too. The order book has such shallow depth that any big trader dumping causes a market order to be executed.
Recently, I encountered a problem while trading ZEC. Even though I placed a limit order that hasn't been filled yet, it was canceled in the blink of an eye. Is this caused by market slippage or insufficient order book depth? Has anyone experienced this situation before? Sometimes, when the price fluctuates just a little, the buy order is immediately taken by a market order. I want to understand the specific reason behind this and whether there is any way to avoid it.