"Stop-Limit" order is a kind of pre-set order that users are able to set stop price, limit price and buy/sell amount. When the latest trading price reaches the stop price, the system will automatically place the order at the limit price to order book.
Stop price: Upon the latest traded price reaching the stop price, the pre-set order will be executed.
Limit price: The price that the user enters to buy/sell the cryptocurrency.
Amount: The amount that the user enters to buy/sell the cryptocurrency.
The market price of BTC is now lower than 5900 USDT. A user believes the price of 5000 USDT is an important resistant position. If the market price breaks 5000 USDT mark, there will be a bullish trend. Therefore, the user could set the stop price at 5000 USDT and limit price at 5020 USDT. This function exempt users from eyeing the market all 24 hours.
Note: If the price experience great volatility, the stop-limit order may fail to be concluded.
How to place stop-limit order?
Place order: Select "Stop-Limit", set the Stop price at 5000 USDT and Limit price at 5020 USDT and the amount of 0.013925 and click "Buy BTC".
Order review: After order being placed, you can check the order record under "Stop-Limit".
History record: After the stop-limit order concluded or cancelled, you can check history records at "Orders">"Stop-limit".