A stop-limit order will be executed at a specified (or potentially better) price, after a given stop price has been reached. Once the stop price is reached, the stop-limit order becomes a limit order to buy or sell at the limit price or better.
Explanation of Terms:
Stop price: When the current price reaches the given stop price, the stop-limit order is executed to buy or sell at the limit price or better.
Bid price: The price (or potentially better) to buy that the stop-limit order is executed at.
Ask price: The price (or potentially better) to sell that the stop-limit order is executed at.
Quantity: The quantity to buy/sell in the stop-limit order.
The last traded price of SNC is 0.000165 BTC, and the resistance is around 0.000169 BTC. If you think that the price will go higher after the price reaches the resistance, you can put a Stop-Limit order to automatically buy more SNC at the price of 0.000170 BTC. This way you won’t have to continuously watch market movements waiting for the price to reach your target price.
Approach: Select “Stop-Limit” order, then specify the stop price to be 0.000170 BTC and the bid price to be 0.000172 BTC, with quantity as 10. Then click the button “Buy SNC” to submit the order.
Then you can review and check your trading transaction, if everything is ok, click "Confirm" ; otherwise, click "Cancel" to change information.