cryptocomlimito

A stop-limit order is a combination of a limit order and a stop trigger. When a trader sets a stop-limit order, a limit order automatically gets placed once the trigger price is achieved, whether you are online or not. This arrangement allows traders to set the minimum amount of profit they can make and the maximum amount of loss they can bear. Traders can base their stop-limit order on resistance and support levels and the associated volatility of the asset. TIP: Different exchanges use different names for things. Not all stop orders are called stop orders, not all exchanges use the terms marker and taker, etc. So keep an eye out for similar mechanics by different names. Market and Limit are common terms, some of these other terms arent. A sell limit order can only be executed at or above the specified limit price. By using a sell limit order, you are guaranteed to receive the price that you specified or more. However, in the same way as a buy limit order, this all depends on whether the price rises to your specified amount. If it does not reach the desired price, then the trade will not be executed. To set a sell limit order, follow the same steps as above using the orange ‘Sell’ button.

crypto com limit order