#订单类型解析 Limit Order

- Definition: Users set their desired buy or sell price and transaction quantity in advance, and the system automatically executes the order when the market price reaches or exceeds the set price.

- Features: Allows precise control over trading prices, avoiding slippage losses, but if the market price does not reach the set price, the order may not be executed. Some exchanges have validity options like "Good 'Til Canceled (GTC)", "Immediate or Cancel (IOC)", and "Fill or Kill (FOK)".

- Applicable Scenarios: Suitable for traders with a clear expectation of target prices, who do not seek immediate execution and are price-sensitive. For example, if one predicts that the price of Bitcoin will rebound after dropping to $60,000, they could set a buy limit order at that price; or if they expect Ethereum to rise to $5,000.