Bitpanda Limit Orders combine control and automation. Unlike standard limit orders, you can set a limit order both ways, above or below market price.
Buy the dip: Want to buy a specific crypto at a discount? A buy limit order lets you set your desired purchase price.
Join the rally: Eyeing a coin on the rise? You can create a buy order when the price hits a certain point, ensuring a favourable entry within the uptrend.
Take profit: For managing risk, you can plan your exit and take-profit strategy by creating a sell order at a higher target price.
Stop loss: If you want to be covered in case the price dips, you can create a sell order to stop your losses at the price you desire.
Imagine Bitcoin is at €60,000. You can set a sell limit at €62,000 to secure profits if the price goes up, while also setting a sell limit at €58,000 for example to limit losses if the price falls. This two-in-one approach lets you manage your investments without constant monitoring.