🔍 What is a Limit Order?
It is a trading order where you specify a certain price at which you want to buy or sell, and the system waits until the market reaches that price to automatically execute the trade.
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🛒 How to use a limit order:
1. Choose the trading pair (e.g., BTC/USDT).
2. Click on "Limit" at the top of the trading window.
3. Enter the price you want to execute at (e.g., 60,000 USDT to buy BTC).
4. Enter the required quantity.
5. Click on "Buy" or "Sell."
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⚡ Limit Order Features:
· Precise price control: do not pay more or accept less than you want.
· Avoid market volatility: not affected by rapid fluctuations.
· Suitable for long strategies: such as buying at support levels or selling at resistance.
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⚠️ Disadvantages of a Limit Order:
· The order may not be executed if the market does not reach the specified price.
· Slower execution compared to a market order.
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📈 Practical example for buying with a limit order:
· If you want to buy 1 BTC when its price reaches 60,000 USDT:
1. Place a Limit Buy Order at 60,000 USDT.
2. If the market drops to 60,000 USDT, your trade will be executed automatically.
3. If the price does not reach 60,000, the order remains pending.
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🎯 Smart tips for limit orders:
1. Use technical analysis: Identify support levels for buying and resistance for selling.
2. Monitor liquidity: Ensure there is sufficient trading volume at the specified price.
3. Do not put all your money in one order: distribute your orders across several price levels.
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🚀 Summary:
A limit order is a professional tool that gives you complete control over your trades and prevents price surprises!
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