An Order Limit is a type of trade order where a user specifies the maximum price they are willing to pay to buy a cryptocurrency or the minimum price they are willing to accept to sell a cryptocurrency.
For example, if a user places a buy order with a limit of $10,000 for one Bitcoin, the trade will only be executed if the price of Bitcoin falls to $10,000 or lower. Similarly, if a user sets a sell order with a limit of $12,000 for one Bitcoin, the trade will only happen if the price of Bitcoin rises to $12,000 or higher.
By using Order Limits, traders can have more control over the price at which their trades are executed, and they can avoid buying or selling a cryptocurrency at a price that is not favorable to them. It helps users to automate their trading strategy and ensures that their transactions are executed at the desired price point.
