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A Cove limit buy waits for a market-cap target or percentage move, then attempts a market buy with your selected wallets and applicable settings. Use a dip buy below the current market or a breakout buy above it. You enter the amount to spend separately from the trigger.

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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.
3

Choose the trigger type

Select By Market cap for a fixed capitalization, or By % for a move from the market when you place the order.
4

Set the target

For market cap, enter a value below the current cap, such as 800k. For a dip percentage, enter a negative move such as -20.Accepted market-cap shorthand includes 45k and 12.5M.
5

Set spending and expiry

Open Spend and enter the USD amount. Review Expiry; the default is 30 days and the allowed range is 1 minute–30 days.
6

Place and verify

Review the target, spend, wallets, and expiry, then tap Place limit buy. Open /orders and verify the new order in the correct profile.
A limit-buy form with target, spend, expiry, and selected wallets.

A limit-buy form with target, spend, expiry, and selected wallets.

Active limit buys shown on the token panel, with wallet, target, spend, Edit, and Cancel.

Active limit buys shown on the token panel, with wallet, target, spend, Edit, and Cancel.

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Example

Assume a token’s current market cap is $1 million. You want to buy $100 if it falls to $800,000. Set By Market cap → 800k and Spend → 100, 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.

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Buy a breakout

Use the same flow with a target above current market cap or a positive change, such as +10%. Review the direction in the confirmation so you create a breakout order rather than a dip order.

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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.

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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.