I am opening a BTC LIMIT order, but it is opening the market.
Example:
CURRENT BTC PRICE: 41200
PRICE OF MY ORDER: 43000
It already opens automatically at market value, even though the order is LIMIT
I’m using the library: binance-api-node
I am opening a BTC LIMIT order, but it is opening the market.
Example:
CURRENT BTC PRICE: 41200
PRICE OF MY ORDER: 43000
It already opens automatically at market value, even though the order is LIMIT
I’m using the library: binance-api-node
You may be confusing a LIMIT order with a STOP order.
Limit orders are used to guarantee a limit on the price of the asset. A BUY LIMIT order with 43,000 price guarantees that the underlying asset will be bought at a price of 43,000 or lower.
Stop orders are used to tell the system to place orders when the price moves over a specific threshold. A BUY STOP LOSS with 43,000 stop price will trigger a market order when the price reaches 43,000 or higher.