Stop Limit Order Buy Example Link

This is your "ceiling." Once the trigger is hit, your order becomes a limit order . It says, "Buy this asset, but do not pay more than this specific price". Stop-Limit Order: What It Is and Why Investors Use It

Master Your Entries: A Guide to the Buy Stop-Limit Order If you’ve ever watched a stock or crypto asset finally "break out" of a range only to miss the entry or pay way too much because of a sudden spike, the is your new best friend.

A buy stop-limit order is a two-step instruction you give to your broker:

This is your "trigger." It tells the broker, "If the market price hits this level, wake up and place my order".