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.
A Trailing Stop Loss (TSL) is a dynamic exit strategy that adjusts as the price moves in your favor. It allows traders to lock in profits while limiting downside risk by maintaining a stop price at a set percentage below the peak price.
if the price increases, the trigger price moves up with it
if the price drops, the trigger price stays put
once it hits the trailing stop level, the trade exits automatically
Example: you buy at $100 with a 5% trailing stop. When price rises to $120, Stop Loss moves to $114 (5% below). If price drops to $114, you exit with profit.
Select the Sell Tab: ensure the Sell tab is selected in the trading widget.
Choose Trailing Stop Loss Option
From the order type dropdown, select Trailing SL.
A TSL automatically adjusts the stop price upwards when the market price rises, keeping a set percentage below the peak.
Set the Trailing Delta (%)
Enter the percentage below the highest price at which you want the stop loss to trigger.
Example: If the Trailing Delta is set to 5% and the token price peaks at $1.00, your stop price is set at $0.95. If the price rises to $1.20, the stop adjusts to $1.14. If the price then drops to $1.14, the order executes.
Specify the Amount to Sell
Enter the exact quantity of tokens to sell when the stop price is triggered.
Use quick-select buttons (25%, 50%, 75%, 100%) or manually input a custom percentage of your total holdings.
Review Gas & Transaction Settings
Check gas fees, priority settings, and slippage to ensure smooth execution.
Adjust the Priority Fee & Tip for faster processing.
Create Sell Order
Click Sell – Trailing Stop Loss to activate the order.
The estimated amount of SOL you will receive upon execution is displayed before confirmation.
By setting a Trailing Stop Loss, you allow your trade to capture gains automatically while ensuring that if the price reverses beyond a certain threshold, you exit at a predetermined level.
This feature gives you more flexibility and control, ensuring you can protect profits without constantly monitoring the market.
When setting limit orders, traders often face a dilemma: fixed price targets vs. dynamic profit-taking. Standard limit orders remain fixed in size, while Position-Based Limit Orders adjust automatically as your holdings change. But what happens when you buy more or sell before your limit order executes? Does your original Take Profit (TP) or Stop Loss (SL) still work as expected? Let’s break it down with a real example and see how Fixed vs. Position-Based Limit Orders behave when your position changes.
You buy 1,000 $SAMPLE at $0.005 each.
You set a Take Profit (TP) order at +100% (sell 1,000 $SAMPLE at $0.01).
Later, you buy another 1,000 $SAMPLE at $0.006 before the price reaches $0.01.
Your original TP order remains 1,000 $SAMPLE at $0.01.
Issue: Since the TP is attached to a fixed amount (1,000 $SAMPLE), it does not account for the fact that you now own more.
Instead of a fixed amount, you set your Take Profit as a % of your total position.
Benefit: Your profit-taking strategy adjusts automatically, so you don’t have to manually update your order when you increase your position.
Use Normal Limit Orders when you want to sell a fixed amount, regardless of new buys.
Use Position-Based Limit Orders when you scale into a trade, so your profit target always covers your full position.
You buy 1,000 $SAMPLE at $0.005 each.
You set a Take Profit (TP) order at +100% (sell 1,000 $SAMPLE at $0.01).
Later, you manually sell 100 $SAMPLE before the price reaches $0.01.
Issue: Since the order is attached to the original 1,000 $SAMPLE, it does not adjust when you partially exit your position.
Instead of selecting an exact amount to sell, you set a Take Profit at +100% of your average entry.
Benefit: Your profit-taking strategy stays intact, even if you scale in or out before reaching your target.
Use Normal Limit Orders when you want to sell a fixed amount at a fixed price, regardless of position changes.
Use Position-Based Limit Orders when you scale in/out of a trade and want your profit target to update dynamically.
With Position-Based Limit Orders, your TP order stays proportional to your actual holdings, preventing execution gaps.
If the price reaches $0.01, you will sell 1,000 $SAMPLE.
But now you have 2,000 $SAMPLE total, meaning your TP order only covers 50% of your position.
If you want to sell all your holdings, you have to manually adjust your TP order or create a second one.
When you buy more, your TP order automatically scales up.
Instead of keeping the sell amount fixed, the percentage of your position remains the same.
If price reaches $0.01, all your holdings (2,000 $SAMPLE) will be included in the TP execution.
If the price reaches $0.01, the order will attempt to execute.
But after selling 100 $SAMPLE manually, your total position is now 900 $SAMPLE, while your limit order is still trying to sell 1,000.
Your order will fail because it’s based on a fixed amount that no longer exists.
The system dynamically adjusts your limit order size to match your current holdings.
If you sell 100 $SAMPLE manually, the Take Profit order updates automatically to reflect your remaining 900 $SAMPLE.
No failed orders. No need to manually adjust the sell amount.
