Limit Order/Limit Buy/Limit Sell

Limit Order/Limit Buy/Limit Sell are tools that let users automatically purchase or sell cryptocurrencies when a predetermined price objective is met on a trading platform. Limit orders allow traders some degree of control over when a transaction is carried out, in contrast to market orders, which cause dealers to sell their cryptocurrency at the current price. When prices drop to a specific level, investors can purchase a digital asset using a buy limit order. There are no assurances that an order will be fulfilled, though.

There may be dangers associated with this plan. For instance, if a trader’s purchase limit is set at $3,200 and Bitcoin drops to $3,205, they will be unable to enter the market.