A Limit Sell/Buy in cryptocurrency is a type of order placed on a trading platform by a user in order to buy or sell a specific amount of a digital asset at a predetermined price or better.
When placing a Limit Sell order, a user specifies the price at which they want to sell their cryptocurrency. The order will only be executed if the market price reaches or exceeds the specified price. This allows the user to lock in profits at a desired price point.
On the other hand, a Limit Buy order is placed when a user wants to buy a digital asset at a lower price than the current market price. The order will only be executed if the market price reaches or falls below the specified price. This allows the user to enter a position at a more favorable price.
Overall, Limit Sell/Buy orders provide users with more control over their trades by allowing them to set specific price points for buying or selling cryptocurrency.
