A limit order is an order to buy or sell a cryptocurrency at a specific price or better. In a limit order, the trader specifies the price at which they are willing to buy or sell and the quantity of the cryptocurrency they wish to trade.
Limit orders are used to try to execute trades at a specific price or better, rather than at the current market price. For example, a trader might place a limit buy order at a price below the current market price in an attempt to get a better price, or they might place a limit sell order at a price above the current market price in an attempt to get a higher price.
Limit orders can be a useful tool for traders who want to have more control over the prices at which their trades are executed. However, there is no guarantee that a limit order will be filled, as it depends on whether there are matching orders available at the specified price. If there are no matching orders, the limit order may not be filled or may only be partially filled.
Overall, limit orders are an important type of order used in cryptocurrency trading and can be a useful way for traders to manage their trades and try to achieve specific price goals.
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