How does a sell limit order work in the context of digital currencies?

1 answers

• stackJul 16, 2021 · 4 years ago
  In the context of digital currencies, a sell limit order works similarly to how it does in traditional markets. When you place a sell limit order, you are essentially setting a minimum price at which you are willing to sell your digital currency. If the market price reaches or exceeds your specified price, the order will be executed and your digital currency will be sold. This allows you to control the selling price and potentially lock in profits. However, if the market price does not reach your specified price, your order will remain open until it is either executed or canceled by you. It's important to note that the execution of a sell limit order is not guaranteed, as it depends on market conditions and liquidity.
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