How to Set Up Limit Sales Orders on Dex-Trade

This guide provides a clear and concise walkthrough of setting up limit sales orders for TEXITcoin on Dex-Trade, a crucial skill for anyone looking to optimize their trading strategy. Beginning with the initial steps of accessing the exchange and understanding its interface—including the market price, chart analysis, order book, and market depth—the guide emphasizes the importance of selecting a "limit" order to maintain control over selling prices. By carefully analyzing the order book and considering market fluctuations, users can strategically enter their desired price and amount, placing their sell order and monitoring its execution. The guide further underscores the necessity of patience and market awareness, highlighting the volatility of cryptocurrency markets. Finally, it offers practical advice on converting USDT to cash, focusing on peer-to-peer sales within the TEXITcoin community.

This guide assumes you have already deposited TEXITcoin into your Dex-Trade account.

Access the Exchange

Log in to Dex-Trade: Open your Dex-Trade account and log in.
Navigate to the Exchange: Once logged in, find the "Exchange" button (usually on the right side of the screen) and click on it. This will take you to the live market interface.

Understand the Market Interface

Market Price: The top section displays the current market price of TEXITcoin based on the latest trade.
Chart: The middle section shows the price chart. You can adjust the time intervals (minute, 5-minute, hour, day) to analyze price trends. The "candlesticks" on the chart represent price fluctuations over time.
Order Book: The right side of the screen displays the active order book.

Red (Sell Orders): The top part of the order book shows the current sell orders. These are people offering to sell TEXITcoin at specific prices. The volume indicates how many coins are available at each price.
Green (Buy Orders): The bottom part shows the buy orders. These are people willing to buy TEXITcoin at specific prices.

Market Depth: The market depth chart visually represents the volume of buy and sell orders at different price levels. This helps you understand the market's strength and potential price movements.

3. Set Up a Limit Sell Order

Select "Limit" Order: Ensure that you have selected the "Limit" order type. This is crucial for controlling the price at which you sell.
Check Your Wallet: Confirm that you have the TXC available in your Dex-Trade wallet.
Analyze the Order Book: Carefully examine the sell orders in the order book. Determine the price you want to sell your TEXITcoin at.

Consider the current market price and the volume of sell orders at different price levels.
Higher prices will take longer to execute, as you'll have to wait for buyers willing to pay that price.

Enter the Price: In the "Price" field, enter the price (in USDT) you want to sell your TEXITcoin for.
Enter the Amount: In the "Amount" field, enter the quantity of TEXITcoin you want to sell.
Place the Order: Click the "Sell TXC" button to place your limit sell order.
Verify Your Order: Your order will appear in the order book. You can monitor it to see if it has been executed.

Important Considerations for Limit Sell Orders

Patience: Limit orders require patience, as you may have to wait for buyers to reach your desired price.
Market Analysis: Pay close attention to the order book and market depth to make informed decisions about your sell price.
Price Fluctuations: The market is volatile, so your order may take longer to execute if the price fluctuates significantly.
Order Tracking: You can track your open orders within the exchange interface.