$RED has increased its maximum price limit to $0.6 and many people are still wondering how they can buy $RED. Here is a guide.

Restrictions

First you need to understand that there is a buy restriction on the token and nobody can buy the token at the moment. To learn more about the restrictions click the link below.

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https://app.binance.com/uni-qr/cart/20927867196370?r=81991876&l=en-AF&uco=vr7TQFCZ8H5THFkMLfcueg&uc=app_square_share_link&us=copylink

How to buy

Binance said they would lift the restrictions on March 3, 2025 10:00 (UTC). Once the restrictions are lifted you will be able to buy the token like any other normal token.

Limit orders

A lot of people have been wondering if:

  1. There limit orders of $0.4 or $0.6 will be filled once trading is opened.

  2. They can only place orders at these prices of $0.4 or $0.6.

  3. Binance increases the price limit to $0.6 or $0.8 if their orders will be filled.

I will try to the best of my ability to explain how you can place orders, at what price and how they will be filled.

Placing limit orders

The price of red has been raised to $0.6 and tomorrow it will be raised to $0.8. what this means in terms of placing orders is you can place a buy limit order at any price below $0.8 before March 3 when trading opens.

This means you can place an order of either 0.8, 0.2, 0.456 or any other price between 0.8 and 0.2. there is no restrictions to the limit price you can place below $0.8.

Limit order price

This has been a point of confusion, the fact that the price is set at a max of $0.4, $0.6 or $0.8 it doesn't mean you must place an order at these prices, you can choose the price you want as long as it's below $0.8.

Order fulfillment

Orders can only be filled from March 3. If you have an open order there is no reason to place another order once trading opens.

You order will be filled once the market opens and the market price reaches your limit order price then your order will be filled, but please note this can't happen before March 3.

Thanks for reading.

For any questions, post in the comments I will be more than happy to answer.

Disclaimer: this is not financial advice. Always do your own research #dyor

🔥 I will post a technical analysis article tomorrow on $RED about it's potential price movement, support & resistance zones and price predictions.

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