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A limit order waits for a market cap and then fires as a market trade. Open a coin and tap 📋 Limit Order. The panel’s buttons become the order you are building.

Place a limit buy

1

Set the market cap

Tap Mcap and send a level. The prompt shows the coin’s cap right now so you have something to aim from.Shorthand works: 110k, 2.5m, \$2m.
2

Set the spend

Tap a dollar button, or type an amount like 12.50. Minimum $1.This is what the order spends when it fires, not now. Nothing leaves your balance until then.
3

Set the expiry

24 hours by default. Choose 1h, 24h, 3d, 7d or never, or type something like 36h.
4

Create it

✅ Create Limit Order appears once the level and the amount are both set. The coin’s panel then carries a badge showing how many orders are waiting on it.

Place a limit sell

The same flow from the Selling side of the panel. The one difference is the size: you choose a percentage of what you hold, not a dollar amount. A limit sell is the manual version of a take-profit. If you want several exits, or you want them attached to the position rather than to a target you chose today, use TP/SL instead.

When the price gaps past your level

Markets jump. If a coin blows straight through your level by more than your slippage allows, Dawn does not fire the order into that gap — filling there would mean paying far more than you asked for. The order stays armed and waits for the price to come back into range.
This is why an order can look like it “should have fired” and still be active. The level was passed, but only at a price you had already said no to.

Limits

After it fires

You get a card in the chat exactly like a manual trade, and the position appears in your portfolio. If it fails, the card says why and your USDC stays on your balance. A failed order does not automatically retry — place a new one if you still want it.

Editing and cancelling

Send /limitorders, or tap the badge on the coin’s panel. See Managing orders.