Stop-limit orders will be executed at a specified (or potentially better) price, after the given stop price has been reached. After the stop price is reached, the stop-limit order becomes a limit order to buy or sell at the limit price or better.
Example of buying digital assets
- The last price of BTC is IDR 80,000,000 and you want to buy BTC for IDR 2,000,000 in total by placing a stop price at IDR 81,000.0000 Then your purchase transaction will be executed / occur in an instant market if the BTC price touches at IDR 81,000. 000 or more.
Example of Selling Digital Assets
- Richard bought BTC for Rp. 90,000,000, and the last price of BTC was Rp. 89,000,000. Richard installed a Stop Order with Stop Price at a price of Rp. 88,000,000, to reduce the loss suffered. With the Stop Order Sell feature, Richard's sell order will be executed in an instant market if the BTC price drops below Rp. 88,000,000. So this feature is very helpful to reduce the loss more deeply.