Meta Whale Take Control of Your Trades: Limit Orders on W-DEX
W-DEX continues to evolve as the core trading hub of the Meta Whale ecosystem. Limit orders are now available, giving users more control over how and when they trade.
What Is a Limit Order
A limit order is an instruction to buy or sell a token at a specific price or better. Unlike an instant market exchange, which executes immediately at the current rate, a limit order only triggers when the market reaches the price you set.
How It Works
If the current price of 1 CES is 20 USDT:
— Buying at a lower price: You can set a limit order to buy CES at 15 USDT. The order will remain open and will only be completed if the price drops to 15 USDT.
— Selling at a higher price: You can set a limit order to sell CES at 50 USDT. The trade will execute automatically when the market reaches that price.
This feature allows you to manage your positions without needing to monitor the charts constantly. With limit orders, you decide the price, the market decides the timing.
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