Why Is My Order Status "Pending" When Using the Limit Method?
If you're using the digitalexchange.id app and find your order status marked as "pending" during a transaction, don’t worry—this isn’t a system error, but rather how the Limit method works.
What Is a Limit Order Method?
The Limit Order method allows you to set your own desired buy or sell price for crypto assets, such as Bitcoin. As a user, you can decide the price instead of following the current market price.
However, since this method doesn’t follow the market price directly, your order will only be processed when the market price reaches or surpasses the price you’ve set.
Example:
Let’s say you want to sell Bitcoin at Rp 600 million per BTC.
Meanwhile, the current market price is still at Rp 400 million per BTC.
In this case, your order will remain pending because the market price is still at Rp 400 million, and there are no buyers willing to purchase at Rp 600 million. The order will only be executed automatically once the price of Bitcoin rises and hits Rp 600 million.
When Will My Order Be Filled?
A Limit Order will only be executed if—and only if—the market price moves in line with the price you’ve set. So, the further your price is from the market price, the longer your order will remain waiting.
Tips for Using the Limit Order Method:
- Set a reasonable buy/sell price that’s still within range of the market price.
- Make sure your price isn’t too high or too low compared to the current market.
- If you want faster execution, consider setting a price that is close to or matches the current market price.
- Keep monitoring asset price movements using the chart on digitalexchange.id to help you determine a realistic price.
By understanding how the Limit Order method works, you can use this feature more effectively and strategically when trading crypto assets on digitalexchange.id.
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