Creating a Limit Order on Limit v2

This guide walks through how to place a Limit order using Limit v2.

1. Open Limit v2
   1. Go to jup.ag and navigate to the Limit tab. Toggle to Limit v2.
2. Choose which tokens you want to sell and buy and the amount you want to allocate.
3. Choose how you want the order to trigger
   1. Buy Below triggers when the token price / market cap goes below the trigger price / market cap you set.
   2. Buy Above triggers when the token price / market cap goes above the trigger price / market cap you set.
   3. You can also set a Take Profit (sell above) or Stop Loss (sell below) to automatically exit your position after the initial buy order is executed.

4. Set the price at which the order should trigger. On Limit v2, the trigger can be based on:
   1. The token’s USD price
   2. The token’s market cap

5. Review the estimated output. Note: The final amount may differ depending on liquidity at execution.

6. Set your slippage tolerance
   1. Slippage tolerance controls how much the execution price can move below your trigger price during execution. 
   2. Jupiter’s Limit Orders are executed using Jupiter Ultra. A small amount of slippage is applied by default to improve execution. You can adjust the slippage manually or set it to 0% if you want the order to execute only at the trigger price.
   3. Note for Limit orders with Stop Loss: If the price drops significantly past your Stop Loss trigger, the order will not execute if it falls outside your set slippage tolerance. 
7. Set expiry
   1. Choose how long the order should stay active. If the trigger is not reached before expiry, the order is cancelled automatically and the funds are returned back to your wallet.
8. Review your order details
   1. Before confirming, review:
      1. The trigger condition
      2. The amount you are allocating
      3. Slippage and expiry

Once confirmed, the order is placed and will be monitored by our keepers until the trigger is hit.