How does KuCoin's limit close feature work?

3 answers

• Apr 23, 2022 · 3 years ago
  KuCoin's limit close feature allows traders to set a specific price at which they want to close their position. When the market reaches that price, the system automatically executes the trade, closing the position. This feature is useful for traders who want to automate their trading strategies and take advantage of specific price movements.
  343172
• Apr 23, 2022 · 3 years ago
  The limit close feature on KuCoin works by setting a stop price and a limit price. When the stop price is reached, a limit order is placed at the limit price. This ensures that the trade is executed at the desired price or better. It's a useful tool for managing risk and protecting profits in volatile markets.
  311104
• Apr 23, 2022 · 3 years ago
  KuCoin's limit close feature is similar to other exchanges' stop-limit orders. It allows traders to set a stop price and a limit price, and when the stop price is reached, a limit order is placed. This feature is particularly useful for BYDFi traders who want to automate their trading strategies and protect their positions in volatile markets.
  34587