1.Explanation of Terms:
Stop-limit：A stop-limit order will be executed at a specified (or potentially better) price, after a given stop price has been reached. Once the stop price is reached, the stop-limit order becomes a limit order to buy or sell at the limit price or better.
Stop price: When the current price reaches the given stop price, the stop-limit order is executed to buy or sell at the limit price or better.
Limit price: The price (or potentially better) that the stop-limit order is executed at.
Quantity: The quantity to buy or sell in the stop-limit order.
The last traded price of TCH is 0.0000098 BTC, and the resistance is around 0.000015 BTC. If you think that the price will go higher after the price reaches the resistance, you can put a Stop-Limit order to automatically buy more TCH at the price of 0.000015 BTC. This way you won’t have to continuously watch market movements waiting for the price to reach your target price.
Approach: Select “Stop-Limit” order, then specify the stop price to be 0.000015 BTC and the limit price to be 0.0000151 BTC, with quantity as 10000. Then click the button “Buy TCH” to submit the order.
Once orders are submitted, existing ‘stop-limit’ orders can be found and reviewed in “open orders”.