🔹 Limit Order
A Limit Order allows users to set a specific price at which they want to buy or sell a token. The order will only execute at the limit price or a better price.
Trigger Price: The price you set manually. The order will be executed at that price or better, but may take longer to fill.
If there are no matching orders in the order book at your set price, the order will be placed in the order book and wait until it's filled — helping to improve market depth.
Pros:
More control over the execution price.
Ideal for setting take-profit or entry orders when not in a rush.
Cons:
No guarantee of execution — the order may stay unfilled if the market doesn't reach your price.
Slower to fill, especially in volatile markets.
🔸 Market Order
A Market Order executes immediately at the best available current market price. You do not need to set a price manually.
Trigger Price: Based on the market’s latest traded price. The final execution price may differ due to market fluctuations, but the order will be filled instantly.
Pros:
Instant execution — ideal for entering or exiting positions quickly.
Useful during fast-moving markets or for capturing trends in real time.
Cons:
The final price may differ from expectations, especially in high-volatility markets.