SL M OR LIMIT order query

General
1

Hello i have a basic doubt about SL M orders.

As you can see in the attached screenshots i have bought BN at 29561 and place a limit sell order at 29620.

My question is can this be an SL M order at 29620.
If i place it like that will the order get executed instantly whereas my intention is to sell if BN goes up to 29620.

kite
kite1080×2340 105 KB

2

A LIMIT order makes sure you get the fill only at 29,620 or higher. It will wait till this fill is available.

A SL-M becomes active at 29620 and could be filled for even less than 29620. so it fills faster at any available price in the exchange.