The price condition order does not enter into order book until the trigger condition is met.
It can be used in two main strategies:
1) As a stop-loss/take profit order
2) As an automatic tool to buy or sell at a desired price point
It consists of two parts, a trigger condition and a limit order.
For the trigger condition, you have to set when to trigger the order; will it be triggered when the market price is greater than a set price or less than a set price?
Click around the black triangle of Trigger Price and choose from >= or =< and then enter the set price.
The last trade of ONT /USDT currently is 0.57 USDT. You expect ONT to go up still when the last price reaches 0.6 USDT. You may set the trigger condition as Trigger Price >= 0.6
If you want to sell at 0.61 USDT once the last price reaches 0.6 or above, then you may enter 0.61 at the Price Field.
Enter the amount you want to sell in the Amount field.
Choose the valid duration of the conditional order ( 1 day by default).
Click Sell button to submit your order.
If successful, you will see your conditional order under Price Condition tab under My Orders tab.
If ONT/USDT price would reach 0.60 or above later within the valid period, your order will be triggered and a limit order of Sell ONT at 0.61 USDT will be placed automatically.
1 About Trigger Price:
when you choose >=, the trigger price you set should be greater than the current market price.
When you choose <=,the trigger price you set should be less than the current market price.
2 About Balance:
The conditional order does not occupy your balance until it is triggered. So make sure to set aside enough balance for this order. If you do not have enough balance when it is triggered, it will not place a limit order for you.
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