# Limit Orders
### What is a Limit Order?
A **limit order** is a request to buy or sell a token at a predefined **price** or **market cap**. Unlike **market orders** that are executed instantly at the current market rate, **limit orders** are only executed when the asset reaches your specified price or capitalization level.
Limit orders are a powerful tool for those who want to control **entry points**, **take-profit**, or **stop-loss levels** — without having to monitor the market 24/7.\
You simply set your target as a percentage of the entry price, and the order will trigger automatically when the conditions are met.
{% hint style="info" %}
🔧 You can customize the order with additional parameters to fine-tune it for your strategy.
{% endhint %}
## Limit Order Capabilities
[Swoop](https://t.me/swoop_solana_bot) allows you to place limit orders for both **buy** and **sell** actions.\
Available options depend on whether you hold the token in your wallet.
### If you don’t have the token
You can create a **limit buy** order.
Or, buy the token instantly and set a **limit sell** afterward.
### If you already hold the token
You can create a **limit sell** order.
Or, sell the token instantly at the current price.
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