Limit Orders
Last updated
Last updated
All active limit orders will be displayed at the candlestick chart. You can edit limit order values by dragging the order lines on the chart.
To place a Buy Dip Order, follow these steps:
Select the Buy Tab: Ensure that the Buy tab is highlighted.
Choose Buy Dip Option: From the order type dropdown, select Buy Dip. This type of order allows you to buy an asset automatically if its price falls to a certain level, taking advantage of a lower price.
Set the Stop Price: In the Stop Price field, enter the price at which you want to trigger the buy order. You can also set it by dragging the order line on the chart to the desired level. Here, the stop price is set to $0.1037. When the market price drops to or below this level, the buy order will be executed, allowing you to buy at a "dip."
Review Target FDV (Fully Diluted Valuation): This value shows the market’s total valuation based on the target price, giving an estimate of the token's overall value at the specified buy dip price.
Specify the Amount: Enter the total amount of ETH (or other base currency) you want to spend once the dip price is reached. Here, quick-select buttons like 0.01, 0.02, 0.5, and 1 are available for convenience.
Set Optional TP/SL:If you wish to set Take Profit (TP) or Stop Loss (SL) auto-exit strategies after the purchase, check the TP/SL box and configure those options. How to set exit strategies?
Review Transaction Settings: At the bottom, gas fees and additional transaction details are displayed. Confirm these to ensure you are aware of the transaction cost.How to edit transaction settings?
Create Buy Order: Click the Create buy order button, which shows the approximate amount of BRETT tokens you will receive if the target price is triggered.
Example: By setting this buy dip order, you’ll automatically purchase BRETT tokens if the price falls to $0.1037, allowing you to buy in at a lower level when the market price dips.
To place a Stop Loss Sell Order, follow these steps:
Select the Sell Tab: Confirm that the Sell tab is highlighted.
Choose Stop Loss Option: From the order type dropdown, select Stop Loss. A stop loss is a protective order that automatically sells your asset if its price drops to a specific level, helping to minimize potential losses.
Set the Stop Price: In the Stop Price field, enter the price at which you want to trigger the sell order. You can also set it by dragging the order line on the chart to the desired level. Here, the stop price is set to $0.1037. When the market price reaches or drops below this price, the sell order will activate.
Review Target FDV (Fully Diluted Valuation): This value gives context to the market's total capitalization based on the current stop price, helping you gauge the impact of your stop loss.
Specify the Amount: Enter the quantity of BRETT tokens you want to sell once the stop price is reached. Here, 233.01 BRETT is selected. Alternatively, you can use the quick-select buttons (25%, 50%, 75%, or 100%) to choose a portion of your holdings.
Review Transaction Settings: At the bottom, gas fees and additional transaction details are displayed. Confirm these to ensure you are aware of the transaction cost.How to edit transaction settings?
Create Sell Order: Click the Create sell order button, which will show the approximate amount of ETH you will receive if the stop price is triggered (~0.009 ETH in this example).
By setting this stop loss, your 233.01 BRETT tokens will be automatically sold if the market price drops to or below $0.1037, helping to limit potential losses.
To place a Take Profit Sell Order, follow these steps:
Select the Sell Tab: Ensure that the Sell tab is highlighted.
Choose Take Profit Option: From the order type dropdown, select Take Profit. A take profit order is designed to automatically sell your asset once it reaches a specific price level, allowing you to lock in profits when the market hits your target.
Set the Target Price: In the Stop Price field, enter the price at which you want to trigger the sell order. You can also set it by dragging the order line on the chart to the desired level. Here, the target price is set to $0.1037. When the market price reaches or exceeds this level, the sell order will be executed, allowing you to take advantage of the profit at your desired price.
Review Target FDV (Fully Diluted Valuation): This value provides context on the market’s total valuation based on the target price, giving you an estimate of the token's overall value at the set take profit price.
Specify the Amount: Enter the quantity of BRETT tokens you want to sell once the target price is reached. Here, 233.01 BRETT is selected. Alternatively, you can use the quick-select buttons (25%, 50%, 75%, or 100%) to choose a portion of your holdings.
Review Transaction Settings: At the bottom, gas fees and additional transaction details are displayed. Confirm these to ensure you are aware of the transaction cost.How to edit transaction settings?
Create Sell Order: Click the Create sell order button, which shows the approximate amount of ETH you will receive if the target price is triggered (~0.009 ETH in this example).
By setting this take profit order, your 233.01 BRETT tokens will be sold automatically if the market price reaches or exceeds $0.1037, allowing you to secure profits at this specified price.
