Place your Order
Placing a limit order using the default range
Reading the Passage Range Chart
The passage chart will show you two very important pieces of information. First is the RANGE of the passage. In this example, it is $26,954 at the top end and $26,315 at the bottom. These are the breakout points. You will also see a percentage in the upper right-hand corner of the chart indicating the % width above and below spot for the range itself. In this example, the range is 1.2% above and below spot.
The next piece of information is the PAYOFF. This is represented as a green line with brackets at the ends. The payoff of a passage is based on time. To learn more about that, check out this section HERE. You will see since we selected a STAY IN, the return starts at $0 and accumulates based on time in the range up to a max profit 100%, while a breakout would be the inverse, starting at $200 (100% profit) and losing value over time. Your breakeven is 1 day on a 2 day Passage. While you can place custom limit orders outside of the default range, ALL orders are limits.
Enter your investment
Understanding your Stay In Order
In the above, you will see that you are entering an order with the following details:
A Good-until-canceled (GTC) order for STAY IN
2 Day contract
The value of your contract starts at $0 dollars and increases in value until BTC first breaks out of the range indicated + slippage
Slippage: you can select slippage to better match with the closest order
The range of BTC price is $26,341 - $26,927, meaning as a STAY IN buyer, the longer the BTC price stays within the range, the more time you can accrue returns
Understanding your Breakout Order
In the above, you will see that you are entering an order with the following details:
A Good-until-canceled (GTC) order for STAY IN
2 Day contract
The value of your contract starts at $200 dollars and decreases in value until BTC first breaks out of the range indicated + slippage
Slippage: you can select slippage to better match with the closest order
The range of BTC price is $26,341 - $26,927, meaning as a Breakout buyer, the sooner BTC breaks out of the range the more return
Clicking Buy
No matter the side of the trade, you will need to hit the "Buy" button and submit. This will trigger a transaction in your connected wallet, which must be approved. Once complete, you will receive a confirmation message that the order was placed and the status of your order will then be listed in the MY TRADES section.
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