What is Limit Order?
Updated
A limit order is an order to buy or sell a crypto at a specific price or better.
A buy limit order can only be executed at the limit price or lower, and a sell limit order can only be executed at the limit price or higher. A limit order is not guaranteed to execute.
For example: A buy (Long) limit order, as placed in below screenshot, should execute either at 2.400 or better (below 2.400) but would not give you an inferior price.
Similarly, a sell (Short) limit order should execute at or above the input price.
For example: A sell (Short) order placed, as in below screenshot, should execute either at 2.500 or better (above 2.500) but would not give you an inferior price.
