🔱Limit Buy

You can set a Limit Buy when you want to buy tokens automatically if certain conditions are met. Limit Buys are also referred to as Buy Dip orders.

Steps to Set a Limit Buy:

1. In the BonkBot Telegram interface, select the Limit option in the main menu.

2. You will be presented with several options to enter a trigger condition for your buy order. You can use 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”).

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

3. Enter the amount of tokens you want to buy (e.g., 0.5 SOL).

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

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

Example:

• 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.