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How to set a Limit Price
Primex Finance avatar
Written by Primex Finance
Updated over a week ago

Besides opening a position or swapping assets at the current market price you can also do the same when a specific price is reached in the future. To do so, you have to use Limit Order.

First, you need to switch to the Limit order option in the Trading Widget.

After you do so, a new field will appear - Limit Price which you will have to set.

Let's take an example. Imagine you want to open a long position on WBTC, i.e. buy it when its price falls to a certain level, e.g. 25000 USDC. The current market price is around 26000 USDC, so the limit price must be lower than that.
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โ€‹NOTE: At this point, we do not support Stop Buy Limit orders where you can set the Limit price higher than the current market price.

So, you enter 25000 into the Limit Price field:

In addition to the limit price, Traders can decide on the time they are ready to wait till the market price reaches their anticipated Limit Price. Primex has the option to automatically cancel the order after a specified period. To realize this technique, you will have to set the Expires In parameter.

Custom gives you the most flexibility:

NOTE: No cancellation fee is charged when the order is canceled due to the Expires In parameter.

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