How to place a Stop-Limit order on dex.blue?
dex.blue is a decentralized exchange that delivers the best non-custodial crypto trading: liquid, fast and uncompromisingly secure.
A Stop-Limit order will be executed at a specified (or potentially better) price after a pre-set stop price has been reached. Once the stop price is reached, the Stop-Limit order turns into a Limit order to buy or sell at the limit price or better.
Example: The latest traded price of ETH/DAI is 180 DAI while the resistance is around 184 DAI. In case you believe that ETH will go higher and break the resistance level, you can set a Stop-Limit order that that will automatically trigger once the resistance level is reached. Hence, you set a Stop Rate at 185 DAI and the Limit at 187 DAI.
- In the Markets section on the left, chose the pair you want to trade (e.g. ETH/DAI).
- In the order section below, click the green BUY button if you want to execute a BUY order, and the red SELL button to execute a SELL order. Next, you select “STOP-LIMIT” in the Order Type dropdown.
- Now set the Stop Rate, the Limit Rate and the amount that you want to trade.
Use the blue slide-bar to granularly control the amount you are trading. - Click the blue Place Order button below to submit your order and sign the transaction.
Always remember that in case you want to place an order, you have to be connected to our exchange via MetaMask, Ledger or Trading Login.You need to have funds deposited in order to trade.
Click the question mark in the bottom right-hand corner of our trading interface and an interactive tutorial will guide you through these steps again.
