GDEX Documentation
  • Welcome to GDEX!
  • đź”– Limit Order
    • What is a “Limit Order”?
    • Differences between Limit Orders in DEX and CEX
    • Technical advantages of the Limit Order on GDEX over other DEX platforms
    • Creating a Limit Order on GDEX
      • Creating a Limit Order
      • Copying, Depositing, Canceling Orders
  • đź”– Stop Limit Order
    • What is a “Stop Limit Order”?
    • Stop Limit terms and mechanics
    • Why should you use Stop Limit Order?
    • Creating a Stop Limit Order on GDEX
  • đź”– Order Book
  • đź”– My Orders
    • Balances
    • Order status
    • Copy past orders
    • Cancel orders
    • Filtering and Sorting
  • đź”– FAQ
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  1. đź”– Stop Limit Order

Why should you use Stop Limit Order?

PreviousStop Limit terms and mechanicsNextCreating a Stop Limit Order on GDEX

Last updated 2 years ago

Let’s give an example. The last traded price of BNB is 498 BUSD, and you feel that there is resistance around 500 BUSD.If you think that the price will go higher after the price reaches the resistance level, you can put a Stop-Limit order to automatically buy more BNB at the price of 502 BUSD. This way, you won’t have to continuously watch market movements waiting for the price to reach your target price. (Reference: )

https://www.binance.com/en/support/faq/115003372072