Buy Limit
Buy order executed only at or below the set price.
Beginner-friendly explanation
A buy limit allows you to buy only if the price drops to your desired level or below. Example: You place a buy limit to purchase Ethereum only at €1700 or lower.
Intermediate-level insight
A buy limit is frequently used to target technical levels, such as a support identified through technical analysis. Example: You analyze a support level for Bitcoin at €30,000 and place your buy limit there.
Advanced perspective
Buy limits are strategically placed to enter precisely during retracements on validated technical zones (dynamic support, Fibonacci), often integrated into algorithmic strategies to optimize entry price. Example: A professional trader places a series of buy limits at multiple Fibonacci retracement levels to maximize execution probability during an anticipated pullback.
Markets & Order Types
buy limit, conditional order, maximum price, technical support, retracement