Place a Stop-Limit BUY/SELL order

A “stop-limit” order is an order that is set before the price and quantity, after the currency you trade reaches the expected price. When the stop price is reached, the stop-limit order becomes a buy or sell order expected at the preset price and quantity.

Name	Giải thích
Type	Buy in, sell out
Stop	When the "latest price" reaches the user-set "stop price", the stop-limit order is activated and the order is completed.
Limit	Limit price when the stop-limit order is executed, will immediately follow the limit order to buy.
Amount	Amount to buy or sell when using a stop-limit order

For example:

In case the price drops:

Take the VLG/VUSD pair as an example. Let's say you buy 10 VLG at 11 VUSD . The price around 10 VUSD is a resistance level and if the price falls below this level it will continue to fall you must promptly sell to reduce the loss of the asset. You can sell 10 VLG for 9.5 VUSD. Use the following parameters to set the stop-limit order setting order:

Type: Sell.

Trigger Price: 10 VUSD

Price: 9.5 VUSD

Amount: 10 VLG

In case of price increase:

Take the VLG/VUSD pair as an example. The current price of VLG is 11 VUSD . Through index analysis, the resistance level of VLG is around 12 VUSD. If the price breaks through the resistance, it will continue to rise. You can buy 20 VUSD for 12.5 VLG. Use the following parameters to set the stop-limit order:

Type: Sell.

Trigger Price: 12 VUSD

Price: 12.5 VUSD

Amount: 10 VLG