"Stop-Limit" order is a kind of pre-set order that users are able to pre-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 45,000 USDT. A user believes the price of 43,000 USDT is an important resistant position. If the market price breaks 45,000 USDT mark, there will be a bullish trend. Therefore, the user could set the stop price at 43,000 USDT and limit the price at 45,200 USDT. This function exempts users from physically observing the market all 24 hours.
Note: If the price experience high 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 40,000 USDT and Limit price at 396.3 USDT and the amount of 0.00998 and click "Buy BTC".
Order review: After the order being placed, you can check the order record under "Stop-Limit".
History record: After the stop-limit order is concluded or cancelled, you can check history records at "Orders" >"Spot" > "Stop-limit".