Limit Order
Order allowing purchase or sale at a specific price or better.
Beginner-friendly explanation
A limit order lets you set exactly at what price you want to buy or sell crypto. Example: You decide to buy Bitcoin only if it reaches €29,000. Your limit order waits until this price is met to execute.
Intermediate-level insight
Limit orders give precise control over entry or exit prices but don't guarantee immediate execution since the price must reach your defined level. Example: Ethereum's price is €1900, you anticipate a drop and place a buy limit order at €1850.
Advanced perspective
Limit orders precisely manage entry and exit points, especially when combined with advanced strategies such as OCO or stop-limits to minimize slippage and optimize execution price. Example: A trader places a limit order coupled with a stop-limit in a breakout scenario to effectively manage risk and liquidity.
Markets & Order Types
limit order, specific price, conditional execution, price control, OCO, stop-limit