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A cove limit order waits for a market-cap target or percentage move, then attempts a market trade with your selected wallets and applicable settings. The Limit builder has separate quick trigger and amount buttons for buys and sells, plus optional saved P1–P3 Order Presets for complete forms. Use a dip buy below the current market or a breakout buy above it. You enter the amount to spend separately from the trigger.

Buy a dip

1

Open the token and choose wallets

Paste the contract address. Check the chain, active profile, selected wallets, and available USDC.
2

Open the limit builder

Tap Limit and choose Buying on the Limit tab. The trigger and amount start blank unless Last used values is active or you recall P1–P3.
3

Choose a trigger

Tap one of the seven trigger presets, or custom to enter a market cap, a signed percentage, or a multiple such as 2x. The arrow on each preset shows whether the target is above or below the reference. The label above the presets shows the reference used for the preview.
4

Set the target

For a dip, choose a downward preset or enter a market cap below the current cap, such as 800k. A custom percentage such as -20% also sets a downward target.Accepted market-cap shorthand includes 45k and 12.5M.
5

Set spending and expiry

Tap one of the three USD amount presets or custom. Review Expiry; the default is 30 days and the allowed range is 1 minute–30 days.
6

Place and verify

Review the preview line for every step, spend, wallets, and expiry. Tap the creation button and open /orders to verify the new order in the correct profile.
Blank Limit buy form showing quick trigger and amount buttons, P1–P3, expiry, and Add step.

The current Limit Buying form opens blank, with quick value buttons and P1–P3 slots.

A newly created order in /orders.

A newly created order in /orders.

Example

Assume a token’s current market cap is $1 million. You want to buy $100 if it falls to $800,000. Choose custom → 800k for the trigger and custom → $100 for the amount, then review and place the order. An equivalent -20% target uses the market reference at placement; a fixed 800k remains that specific target. This is an illustrative setup. The actual fill depends on the quote and liquidity when the order executes.

Buy a breakout

Use the same flow with an upward trigger preset or a custom target above the current market cap, such as +10% or 2x. Review the direction and target preview before creating the order.

Enter a custom trigger

Tap custom under Trigger to see the formats Cove accepts. The sell prompt groups examples by how Cove will interpret them: The trigger sets when an order can run. Choose the buy or sell amount separately. Check the reference shown on the panel, the resulting target, and the order direction before creating it. On a sell, an unsigned 100% is a positive trigger; it does not mean “sell 100%” until you select that in Sell amount.
Sell custom-trigger prompt with market-cap, take-profit, and stop-loss input examples.

Sell custom-trigger prompt with market-cap, take-profit, and stop-loss input examples.

Edit limit presets

Open Settings → Trade panel settings → Buttons and controls → Limit preset amounts. Choose Limit buy presets or Limit sell presets, then switch between Triggers and Buy amounts / Sell amounts. Each side has seven trigger slots and three amount slots. Tap a slot to edit it; Reset defaults restores the selected list. These presets belong to the active profile. These quick values are separate from Order Presets P1–P3, which store a complete Limit form across your login. Save or recall a full order preset when you want to reuse triggers, amounts, steps, and expiry together. The default buy triggers are +20%, +50%, +75%, +100%, -20%, -50%, -75%, with $200 / $500 / $1,000 amounts. The default sell triggers are 1.5x, 2x, 5x, 10x, -20%, -50%, -75%, with 20 / 50 / 100% amounts. Your saved choices may differ. A trigger preset can point up or down on either side.
Triggers tab and editable buy slots.

Triggers tab and editable buy slots.

Triggers tab and editable Limit sell trigger slots.

Triggers tab and editable Limit sell trigger slots.

More than one target

Where the builder offers Add step, you can configure up to three steps. Check each target and spend before placing the group. For an evenly spaced range of 2–10 targets, use DCA.

Why is the order still open?

The target may not have been reached. A high-impact refusal can also leave the order active and waiting. A failed or expired order is different and may require a new order. Edit or cancel pending orders in Manage orders. To automate selling, use Take-profit and stop-loss. For a full trigger-versus-fill walkthrough and a screenshot of the current buy controls, read How to use DEX limit orders in Telegram.