💹Limit Buy

BONKbot lets you do two types of Limit Buys. Here's how:

Buy Dip vs Buy Breakout

You can set a Limit Buy when you want to buy at a specific Market Cap, Price, % Return, or X Return.

For Buys, BONKbot will let you create two types of orders:

1. Buy Dip: below the current price

2. Buy Breakout: above the current price

Buy Dip and Buy Breakout Strategies

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How to Set a Limit Buy:

1. Type a new coin address, or go to an existing position.

2. Select the Limit ✅ option in the menu.

Either

1. Click the Preset Buy Amount (in the example above it is 5 SOL)

OR

1. Click Limit Buy X SOL, and type in how much you want to buy in this order.

Then, you can choose your trigger condition.

1. You can use any one of the following triggers:

• Market Capitalization (MCap) in thousands (K), millions (M), or billions (B). For example, "2B" means the order will trigger when the token's market cap hits 2 billion.

• Price in USD: Specify the price at which to execute the buy (e.g., “0.05” for $0.05 per token).

• Multiple: You can enter a multiple of the current price or market cap (e.g., “0.8x” or "0.5x").

• Percentage Change: Set a percentage increase or decrease from the current price (e.g., “+5%” or “-5%”).

1. Confirm the details of the order, including the trigger and amount.

1. Your Limit Buy order is now set and will remain open until the condition is met or you cancel it.

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Example Limit Buy:

• Amount: 0.5 SOL

• Trigger: 2.0B MCap

The bot will execute the order if the market cap drops to 2.00B.

Please note that while limit orders guarantee a price trigger, they do not guarantee that the order will be filled if market conditions fluctuate quickly.