Limit Buy/Sell
Last updated
Last updated
Leo introduces the Limit Buy feature for purchasing any Solana token based on a set of customizable rules. Accessible from the "Auto Buy" button on the app's header. Limit Buy allows users to set a set of rules for a specific token order to be triggered at any time if all the rules are met. These rules are minimum:
Token Price
Liquidity
Market Cap
Token Holders
For instance, you can set a Limit Buy order for a token to be purchased only if its market cap reaches a minimum of $1.0 million and it has at least 20,000 holders. This functionality is useful for strategic trading, as it automates purchases based on specific market conditions, allowing you to capitalize on market volatility without constant monitoring.
For the Limit Sell feature, users can select the "Limit" button in the actions menu of their chosen token in their Hot Wallet.
Please note that an expiration date can be set for the order. If the order is not triggered by that date, it will be canceled. Leaving the expiration date section empty will keep the order valid for up to 72 hours.
The transaction and swap cost will be deducted from your Hot Wallet, as the token is being bought with it.