📔Limit Orders Overview

BONKBot allows users to set Limit Orders for buying and selling tokens on the Solana blockchain. A Limit Order lets you define a specific condition under which you would like to execute a buy or sell action. This ensures that your trade is executed at the price or market cap you prefer, providing better control over your trading strategy.

This documentation covers how to set up limit orders for both buying and selling tokens.

The following Limit Order types are available on BONKBot:

• Buy Breakout: Automatically buy tokens when the price breaks above a predefined resistance level, allowing you to capitalize on upward momentum.

• Buy Dip: Set a buy order to trigger when the price drops to a specific level, enabling you to accumulate tokens at a lower cost.

• Take Profit: Automatically sell your tokens once they reach a specified price, helping you lock in profits before the price drops.

• Stop Loss: Limit your losses by selling your tokens if the price falls to a predetermined level, protecting your portfolio from further downside.

• Trailing Stop Loss: A dynamic stop loss that follows the price as it rises, ensuring that you lock in gains while minimizing risk during a price decline.

Limit buys enable traders to automate the process of buying dips, breakouts and more on any Solana token. For more, visit Limit Buy.

Limit sells enable traders to automate the process of taking profits, stopping losses and more. For more, visit Limit Sell