#订单类型解析 Limit Order

- Definition: Users preset their desired buying or selling price and transaction quantity, and the system automatically executes the order when the market price reaches or exceeds the set price.

- Features: Allows precise control over transaction prices, avoiding slippage losses, but if the market price does not reach the set price, the order may not be filled. Some exchanges offer validity options such as 'Good Till Canceled (GTC)', 'Immediate or Cancel (IOC)', and 'Fill or Kill (FOK)'.

- Applicable Scenarios: Suitable for traders who have a clear expectation of target prices, do not pursue immediate execution, and are sensitive to price. For example, if predicting that the price of Bitcoin will rebound when it drops to $60,000, a buy limit order can be set at that price level; expecting Ethereum to rise to...