Hey everyone, let’s talk about “what market orders and limit orders each constrain,” using this data for $NOKB as a reference.
Binance Spot, 10/24 14:00–15:00 (Beijing time): down 0.12% over the hour, with a trading volume of 2,107.91 USDT, 9.92 times that of the previous hour. The closing price for the period was 8.14 USDT.
Market orders generally prioritize execution at available quotes; the final price depends on the actual matching process. Limit orders constrain the acceptable execution price, but may not be filled immediately after being placed, and may be only partially filled. A price limit and a completed trade are not the same thing. Whether a specific order is accepted and how it is executed also depends on the trading venue’s rules and the order type.
When reviewing order results, check the order price, filled quantity, and remaining quantity separately. Don’t mistake “order placed” for “order completed.”
#NOKB #CryptoChitChat
Binance Spot, 10/24 14:00–15:00 (Beijing time): down 0.12% over the hour, with a trading volume of 2,107.91 USDT, 9.92 times that of the previous hour. The closing price for the period was 8.14 USDT.
Market orders generally prioritize execution at available quotes; the final price depends on the actual matching process. Limit orders constrain the acceptable execution price, but may not be filled immediately after being placed, and may be only partially filled. A price limit and a completed trade are not the same thing. Whether a specific order is accepted and how it is executed also depends on the trading venue’s rules and the order type.
When reviewing order results, check the order price, filled quantity, and remaining quantity separately. Don’t mistake “order placed” for “order completed.”
#NOKB #CryptoChitChat