📘 Part 8 - What is a LIMIT order on Binance?

🧵 Thread for beginners #Binance #Crypto #FinancialEducation

1️⃣ Yesterday I taught you how to easily sell your cryptos.

Today we take a more technical step:

🔍 Learn to use LIMIT orders to buy or sell at your ideal price.

2️⃣ 🧠 What is a limit order?

It is an order where you choose the price at which you want to buy or sell.

💡 It does not execute immediately, but only if the market reaches that price.

3️⃣ Example for buying:

🔹 The price of ETH is at $3,900

🔹 You only want to buy if it drops to $3,700

👉 You create a LIMIT buy order at $3,700

✅ It will execute only if it drops to that level.

4️⃣ Example for selling:

🔹 You have BNB and it is at $600

🔹 You want to sell at $630

👉 You place a LIMIT sell order at $630

✅ It will execute only if it rises to that price.

5️⃣ Advantages:

✅ More control over the price

✅ Ideal for strategies with patience

✅ No need to be glued to the screen

🚫 But be careful: if the price never reaches, your order will not execute.

6️⃣ How to create it on Binance?

1. Enter the pair you want (e.g. ADA/USDT)

2. Choose “Limit”

3. Enter the price and quantity

4. Click on “Buy” or “Sell”

🕒 Your order will remain pending until the market fulfills it.

7️⃣ Pro tip 🧠

Use limit orders to buy in support areas

or sell near resistances.

📉 This way you avoid entering in moments of euphoria or panic.

8️⃣ Tomorrow in part 9:

⚠️ What happens if the market suddenly drops?

👉 I will teach you about Stop-Limit orders to protect yourself.

If you learned something today, give it ❤️ and RT 🔁

#BinanceForEveryone #CryptoEducation #CryptoTips #Binance #Crypto #Crypto #CryptoTips #CryptoEducation #CryptoEducation

#LearnCrypto #CryptoBeginners #BinanceForEveryone #CryptoTrading

#Bitcoin #Altcoins #Blockchain #CryptoBeginner #FinancialEducation